Sibanye Gold Ltd. (NYSE:SBGL) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,159,738 shares, a growth of 68.4% from the August 31st total of 688,763 shares. Based on an average daily trading volume, of 1,316,590 shares, the days-to-cover ratio is presently 0.9 days.
Several research analysts have recently commented on SBGL shares. Zacks Investment Research downgraded Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 16th. Macquarie raised Sibanye Gold from an “underperform” rating to a “neutral” rating in a research note on Friday, July 1st.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Orbis Allan Gray Ltd acquired a new position in shares of Sibanye Gold during the first quarter valued at about $683,226,000. Adage Capital Partners GP L.L.C. acquired a new position in shares of Sibanye Gold during the second quarter valued at about $23,154,000. Emerald Acquisition Ltd. acquired a new position in shares of Sibanye Gold during the second quarter valued at about $9,833,000. Numeric Investors LLC raised its position in shares of Sibanye Gold by 156.3% in the second quarter. Numeric Investors LLC now owns 1,179,344 shares of the company’s stock valued at $16,063,000 after buying an additional 719,200 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Sibanye Gold by 682.5% in the second quarter. Schroder Investment Management Group now owns 438,152 shares of the company’s stock valued at $5,968,000 after buying an additional 382,157 shares in the last quarter. 18.02% of the stock is currently owned by institutional investors.
Sibanye Gold (NYSE:SBGL) opened at 11.32 on Friday. The company has a market cap of $2.61 billion, a P/E ratio of 42.24 and a beta of -0.03. Sibanye Gold has a 1-year low of $4.59 and a 1-year high of $20.97. The stock has a 50 day moving average price of $15.06 and a 200 day moving average price of $15.09.
The firm also recently announced a dividend, which was paid on Thursday, October 6th. Investors of record on Friday, September 23rd were given a dividend of $0.177 per share. The ex-dividend date was Wednesday, September 21st.
About Sibanye Gold
Sibanye Gold Limited (Sibanye) is a South Africa-based mining company. The Company owns and operates gold and uranium operations, and projects throughout the Witwatersrand Basin. Its segments include Driefontein, Kloof, Beatrix, Cooke and Corporate. The Company owns and operates four underground and surface gold operations: the Cooke, Driefontein and Kloof operations in the West Witwatersrand region, and the Beatrix operation in the southern Free State province.
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