Sibanye Gold Target of Unusually Large Options Trading (NYSE:SBSW)

Sibanye Gold Limited (NYSE:SBSW) was the target of some unusual options trading on Thursday. Investors bought 136,234 call options on the company. This is an increase of approximately 2,506% compared to the average daily volume of 5,227 call options.

Sibanye Gold Trading Down 3.3%

NYSE:SBSW opened at $11.65 on Friday. The business’s 50 day moving average is $10.67 and its two-hundred day moving average is $11.34. The company has a quick ratio of 1.37, a current ratio of 2.72 and a debt-to-equity ratio of 0.62. Sibanye Gold has a 52 week low of $7.87 and a 52 week high of $21.29.

Sibanye Gold Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, October 6th. Investors of record on Friday, September 18th will be paid a dividend of $0.4985 per share. The ex-dividend date is Friday, September 18th. This represents a yield of 856.0%.

Analyst Upgrades and Downgrades

SBSW has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Friday, July 17th. Citigroup upgraded shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a research note on Thursday, August 13th. Wall Street Zen raised shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 6th. Zacks Research raised shares of Sibanye Gold from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Finally, BMO Capital Markets dropped their target price on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Sibanye Gold currently has a consensus rating of “Hold” and a consensus target price of $16.32.

Insider Buying and Selling

In other news, Director Richard Menell acquired 15,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $2.19 per share, with a total value of $32,850.00. Following the completion of the transaction, the director directly owned 25,125 shares of the company’s stock, valued at $55,023.75. The trade was a 148.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Sibanye Gold

A number of hedge funds have recently added to or reduced their stakes in the business. BlueCrest Capital Management Ltd bought a new position in shares of Sibanye Gold in the 2nd quarter worth about $6,479,000. Engineers Gate Manager LP raised its stake in Sibanye Gold by 67.9% during the second quarter. Engineers Gate Manager LP now owns 518,732 shares of the company’s stock worth $4,404,000 after acquiring an additional 209,804 shares during the period. Nykredit A S acquired a new stake in Sibanye Gold during the second quarter worth about $140,000. Burford Brothers Inc. bought a new position in Sibanye Gold in the second quarter worth about $255,000. Finally, Headlands Technologies LLC lifted its holdings in Sibanye Gold by 7.8% in the second quarter. Headlands Technologies LLC now owns 156,819 shares of the company’s stock worth $1,331,000 after acquiring an additional 11,294 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

About Sibanye Gold

Sibanye-Stillwater, formerly known as Sibanye Gold, is a multinational mining and metals company headquartered in South Africa. The company was established in 2012 through the restructuring of Gold Fields’ South African assets and adopted the Sibanye-Stillwater name in 2016 as it expanded beyond gold mining.

The company produces gold, platinum-group metals (PGMs), and associated by-products. Its operations have included gold mines in South Africa; platinum, palladium, rhodium and other PGM assets in South Africa and the United States; and PGM recycling activities.