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

Sibanye Gold Limited (NYSE:SBSW) saw unusually large options trading on Wednesday. Stock traders acquired 23,126 call options on the company. This is an increase of approximately 85% compared to the average daily volume of 12,519 call options.

Sibanye Gold Price Performance

SBSW stock traded up $1.05 during midday trading on Wednesday, hitting $21.11. 10,555,449 shares of the stock were exchanged, compared to its average volume of 8,449,218. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89. The stock’s 50-day moving average price is $14.66 and its 200-day moving average price is $11.46. Sibanye Gold has a fifty-two week low of $3.05 and a fifty-two week high of $21.19.

Institutional Trading of Sibanye Gold

Several large investors have recently bought and sold shares of SBSW. MAI Capital Management raised its holdings in shares of Sibanye Gold by 87.8% during the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock valued at $28,000 after purchasing an additional 1,169 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Sibanye Gold in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC lifted its holdings in Sibanye Gold by 112.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock valued at $30,000 after purchasing an additional 2,228 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Sibanye Gold by 84.1% during the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after purchasing an additional 1,002 shares during the last quarter. Finally, Archer Investment Corp acquired a new stake in shares of Sibanye Gold in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SBSW. Hsbc Global Res upgraded Sibanye Gold to a “strong-buy” rating in a research report on Friday, January 23rd. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target on the stock in a research report on Friday, January 23rd. Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Zacks Research upgraded Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sibanye Gold has a consensus rating of “Moderate Buy” and a consensus price target of $12.87.

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.