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

Sibanye Gold Limited (NYSE:SBSW) was the target of some unusual options trading on Thursday. Stock traders acquired 136,234 call options on the stock. This represents an increase of approximately 2,506% compared to the average volume of 5,227 call options.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. 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 report on Thursday, August 13th. BMO Capital Markets cut their price objective on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 14th. Royal Bank Of Canada lowered their target price on Sibanye Gold from $16.50 to $15.00 and set an “outperform” rating for the company in a report on Wednesday. Wall Street Zen raised Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 6th. Finally, Zacks Research upgraded Sibanye Gold from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.32.

Insider Activity

In other Sibanye Gold news, Director Richard Menell acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the transaction, the director owned 25,125 shares of the company’s stock, valued at $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Sibanye Gold

Several hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc increased its position in Sibanye Gold by 1,462.5% during the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock worth $25,000 after buying an additional 1,872 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Sibanye Gold by 3,289.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,915 shares of the company’s stock worth $70,000 after acquiring an additional 4,770 shares during the period. Blue Trust Inc. increased its holdings in shares of Sibanye Gold by 127.4% during the 1st quarter. Blue Trust Inc. now owns 4,987 shares of the company’s stock worth $61,000 after acquiring an additional 2,794 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Sibanye Gold during the 4th quarter worth approximately $73,000. Finally, Stevens Capital Partners bought a new stake in Sibanye Gold in the 1st quarter valued at $124,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Sibanye Gold Stock Up 3.9%

Sibanye Gold stock traded up $0.45 during mid-day trading on Thursday, reaching $12.05. The company’s stock had a trading volume of 5,295,266 shares, compared to its average volume of 6,021,559. 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 12 month low of $7.87 and a 12 month high of $21.29. The business’s 50 day simple moving average is $10.53 and its 200 day simple moving average is $11.38.

Sibanye Gold Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Friday, September 18th will be issued a $0.4985 dividend. This represents a dividend yield of 795.0%. The ex-dividend date of this dividend is Friday, September 18th.

Sibanye Gold Company Profile

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.