Short Interest in Sibanye Gold Limited (SBGL) Grows By 22.6%

Sibanye Gold Limited (NYSE:SBGL) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 17,885,940 shares, a growth of 22.6% from the October 13th total of 14,593,953 shares. Based on an average trading volume of 2,718,903 shares, the short-interest ratio is presently 6.6 days.

Several institutional investors have recently added to or reduced their stakes in SBGL. Van ECK Associates Corp boosted its stake in shares of Sibanye Gold Limited by 217.0% in the second quarter. Van ECK Associates Corp now owns 51,562,596 shares of the basic materials company’s stock valued at $238,735,000 after purchasing an additional 35,298,306 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Sibanye Gold Limited by 95.0% in the second quarter. Dimensional Fund Advisors LP now owns 6,002,276 shares of the basic materials company’s stock valued at $27,795,000 after purchasing an additional 2,923,704 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Sibanye Gold Limited by 145.3% in the second quarter. Wells Fargo & Company MN now owns 1,210,607 shares of the basic materials company’s stock valued at $5,605,000 after purchasing an additional 717,013 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Sibanye Gold Limited by 18,003.5% in the third quarter. JPMorgan Chase & Co. now owns 630,365 shares of the basic materials company’s stock valued at $2,850,000 after purchasing an additional 626,883 shares during the period. Finally, Tocqueville Asset Management L.P. boosted its stake in shares of Sibanye Gold Limited by 74.4% in the second quarter. Tocqueville Asset Management L.P. now owns 984,446 shares of the basic materials company’s stock valued at $4,558,000 after purchasing an additional 420,026 shares during the period. 35.01% of the stock is owned by institutional investors.

Shares of Sibanye Gold Limited (NYSE:SBGL) opened at $5.43 on Wednesday. Sibanye Gold Limited has a 52-week low of $4.36 and a 52-week high of $10.81. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 0.93.

Several research firms have recently issued reports on SBGL. ValuEngine raised shares of Sibanye Gold Limited from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Sibanye Gold Limited from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research report on Friday, October 13th. BidaskClub raised shares of Sibanye Gold Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Deutsche Bank AG raised shares of Sibanye Gold Limited from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, Morgan Stanley raised shares of Sibanye Gold Limited from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Sibanye Gold Limited currently has an average rating of “Buy” and an average price target of $5.25.

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About Sibanye Gold Limited

Sibanye Gold Limited is an independent, global precious metal mining company. The Company is engaged in producing a mix of metals that includes gold and the platinum group metals (PGMs). Its projects are grouped by two regions: the Southern Africa region and the Americas region. Its products include gold, platinum group metals and by-products.

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