Traders Purchase Large Volume of Sibanye Gold Call Options (NYSE:SBSW)

Sibanye Gold Limited (NYSE:SBSW) was the recipient of unusually large options trading on Monday. Investors bought 20,985 call options on the company. This represents an increase of 80% compared to the typical volume of 11,668 call options.

Institutional Investors Weigh In On Sibanye Gold

Hedge funds have recently bought and sold shares of the company. Lingotto Investment Management LLP increased its stake in shares of Sibanye Gold by 0.9% in the second quarter. Lingotto Investment Management LLP now owns 28,430,409 shares of the company’s stock worth $205,268,000 after purchasing an additional 263,600 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Sibanye Gold by 81.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock valued at $104,252,000 after buying an additional 3,280,972 shares during the last quarter. JPMorgan Chase & Co. increased its position in Sibanye Gold by 32,992.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock worth $46,246,000 after buying an additional 6,385,932 shares during the period. Condire Management LP lifted its holdings in shares of Sibanye Gold by 5.6% during the fourth quarter. Condire Management LP now owns 5,244,469 shares of the company’s stock worth $74,734,000 after buying an additional 279,540 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Sibanye Gold by 77.0% in the second quarter. Marshall Wace LLP now owns 4,752,858 shares of the company’s stock valued at $34,316,000 after acquiring an additional 2,068,178 shares during the period. 34.93% of the stock is currently owned by institutional investors.

Sibanye Gold Trading Up 0.8%

SBSW stock traded up $0.14 during midday trading on Monday, hitting $16.08. 2,353,581 shares of the company traded hands, compared to its average volume of 8,190,366. Sibanye Gold has a twelve month low of $3.05 and a twelve month high of $21.29. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96. The business has a 50 day simple moving average of $16.32 and a 200-day simple moving average of $12.49.

Sibanye Gold Announces Dividend

The company also recently announced an annual dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 20th will be issued a $0.2614 dividend. This represents a yield of 164.0%. The ex-dividend date is Friday, March 20th.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SBSW. Wall Street Zen lowered Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Royal Bank Of Canada dropped their target price on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. HSBC upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective on the stock in a report on Friday, January 23rd. Finally, Zacks Research raised shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.93.

Sibanye Gold Company Profile

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum‐group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.