Shares of the company are trading at $5.13 which is just a bit higher than $4.81, the 50 day moving average and which is a tad under the 200 day moving average of $5.63. The 50 day moving average moved up $0.32 whereas the 200 day average was down by -8.89%. 2,209K shares changed hands on Tuesday. Volume was down 15.28% under the stocks average daily volume.
Investors are more bearish of late as implied by the uptick in short interest. The firm experienced a rise in short interest of 16.98% as of October 13, 2017 from the last reporting period. Short interest grew from 12,475,343 to 14,593,953 over that timeframe. The days to cover increased to 6.0 and the short interest percentage is 0.03% as of October 13.
These funds have shifted positions in (SBGL). As of the end of the quarter First Trust Advisors Lp had bought 21,815 shares growing its position 65.4%. The value in dollars increased from $154,000 to $246,000 a change of $92,000 quarter over quarter. Regions Financial Corp downsized its holdings by shedding 8,229 shares a decrease of 66.2%. Regions Financial Corp owns 4,210 shares valued at $19,000. The total value of its holdings decreased 67.2%.
As of quarter end Aperio Group, LLC had disposed of a total of 3,813 shares trimming its stake by 2.0%. The value of the total investment in D/B/A Sibanye-Stillwater Limite went from $881,000 to $815,000 a change of 7.5% for the reporting period. As of quarter end Simplex Trading, LLC had acquired a total of 3,267 shares growing its holdings by 3,267.0%. The value of the company’s investment in D/B/A Sibanye-Stillwater Limite went from $0 to $15,000 increasing inf% since the last quarter.
Sibanye Gold Limited (Sibanye), launched on December 12, 2002, is a South Africa-based mining company. The Company owns and operates gold and uranium operations, and projects throughout the Witwatersrand Basin. The Business’s 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. In addition to its mining activities, Sibanye owns and manages extraction and processing facilities at the operations where the gold-bearing ore is treated. The Company has various organic projects, including the Kloof and Driefontein below infrastructure projects on the West Rand and the Burnstone project on the South Rand of Gauteng province. Sibanye mines, extracts and processes gold ore to produce a product, dore. Sibanye derives uranium ore as a by-product of gold production from the Cooke operation..