Short Interest in Sibanye Gold Limited (NYSE:SBGL) Drops By 53.4%

Xavier Trudeau
Août 13, 2017

The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 4.87 and a beta of -0.13. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Parametric Portfolio Associates LLC increased its stake in shares of Sibanye Gold Limited by 129.8% in the second quarter. Wells Fargo & Company MN raised its stake in Sibanye Gold Limited by 145.3% in the second quarter. Bank of Montreal Can now owns 66,767 shares of the basic materials company's stock valued at $589,000 after buying an additional 12,055 shares during the last quarter.

Sibanye Gold Limited (NYSE:SBGL) was the target of a significant drop in short interest in June.

A number of research analysts have recently commented on SBGL shares. The value of the total investment in Sibanye Gold Limited American D increased from $36,000 to $182,000 a change of 405.6% for the reporting period.

Van Eck Associates Corp says it increased its stake in Sibanye Gold Limited American D stock by 35,298,306 shares as reported in a filing on 08/11/2017. Additionally Sibanye Gold Limited American D declared a dividend for shareholders that was paid on Thursday April 20th, 2017. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and worldwide copyright & trademark legislation. UBS Asset Management Americas Inc. now owns 107,326 shares of the basic materials company's stock valued at $758,000 after buying an additional 27,809 shares during the last quarter.

Company chares are trading at $5.90 which is significantly higher than the 50 day moving average which is $4.97 and a great deal lower than the 200 day moving average of $7.15. Finally, OMERS ADMINISTRATION Corp bought a new position in Sibanye Gold Limited during the first quarter valued at about $243,000. The company's 50-day moving average price is $4.99 and its 200 day moving average price is $7.12. Wells Fargo & Company MN now owns 1,210,607 shares of the basic materials company's stock valued at $5,605,000 after buying an additional 717,013 shares in the last quarter. The correct version of this story can be read at https://transcriptdaily.com/2017/08/13/sibanye-gold-limited-nysesbgl-upgraded-to-buy-by-bidaskclub.html. Tocqueville Asset Management L.P. now owns 984,446 shares of the basic materials company's stock valued at $4,558,000 after buying an additional 420,026 shares in the last quarter. Ubs Asset Management Americas Inc now owns 346,702 shares with a value of $1,605,000. Its segments include Driefontein, Kloof, Beatrix, Cooke and Corporate.

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