Sibanye Gold Limited (NYSE:SBSW) Short Interest Update

Sibanye Gold Limited (NYSE:SBSW) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 14,812,476 shares, a decline of 17.3% from the January 15th total of 17,907,411 shares. Based on an average daily volume of 11,183,491 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 11,183,491 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On Sibanye Gold

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in Sibanye Gold by 113.9% during the 1st quarter. AQR Capital Management LLC now owns 39,909 shares of the company’s stock valued at $183,000 after buying an additional 21,248 shares during the period. Millennium Management LLC raised its stake in shares of Sibanye Gold by 363.7% in the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after acquiring an additional 2,487,648 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Sibanye Gold by 196.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock worth $16,379,000 after acquiring an additional 2,370,443 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Sibanye Gold during the 1st quarter worth about $55,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Sibanye Gold by 120.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 43,686 shares of the company’s stock valued at $315,000 after purchasing an additional 23,880 shares during the last quarter. Institutional investors own 34.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. HSBC upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective on the stock in a research report on Friday, January 23rd. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. Wall Street Zen cut Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, BMO Capital Markets increased their price target on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Sibanye Gold has a consensus rating of “Moderate Buy” and an average target price of $16.03.

Sibanye Gold Stock Performance

Shares of NYSE SBSW traded up $1.19 during mid-day trading on Monday, hitting $17.22. 4,877,032 shares of the company’s stock traded hands, compared to its average volume of 8,919,308. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96. Sibanye Gold has a 1 year low of $3.05 and a 1 year high of $21.29. The company’s 50-day moving average is $16.09 and its two-hundred day moving average is $12.29.

About Sibanye Gold

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.