Sibanye Gold Ltd (SBGL) Short Interest Up 68.4% in September
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 trading volume of 1,316,590 shares, the short-interest ratio is presently 0.9 days.
A number of large investors have recently modified their holdings of the stock. Numeric Investors LLC boosted its stake 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. Jane Street Group LLC raised its position in Sibanye Gold by 90.9% in the second quarter. Jane Street Group LLC now owns 761,321 shares of the company’s stock worth $10,369,000 after buying an additional 362,451 shares during the last quarter. Paloma Partners Management Co raised its position in Sibanye Gold by 303.5% in the second quarter. Paloma Partners Management Co now owns 66,526 shares of the company’s stock worth $906,000 after buying an additional 50,039 shares during the last quarter. Panagora Asset Management Inc. acquired a new position in Sibanye Gold during the second quarter worth approximately $167,000. Finally, A.R.T. Advisors LLC raised its position in Sibanye Gold by 315.7% in the second quarter. A.R.T. Advisors LLC now owns 111,664 shares of the company’s stock worth $1,520,000 after buying an additional 84,800 shares during the last quarter.
Sibanye Gold (NYSE:SBGL) opened at 14.13 on Monday. The stock has a market cap of $3.26 billion, a PE ratio of 50.46 and a beta of -0.34. The company’s 50 day moving average price is $16.21 and its 200 day moving average price is $15.17. Sibanye Gold has a 12 month low of $4.59 and a 12 month high of $20.97.
The business also recently announced a dividend, which will be paid on Thursday, October 6th. Investors of record on Friday, September 23rd will be issued a dividend of $0.177 per share. The ex-dividend date of this dividend is Wednesday, September 21st.
A number of equities research analysts have commented on SBGL shares. Zacks Investment Research cut 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.
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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