Traders Purchase High Volume of Call Options on Gold Fields (NYSE:GFI)

Gold Fields Limited (NYSE:GFI) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 6,283 call options on the stock. Thisisanincreaseof107% compared to the average daily volume of 3,036 call options.

Institutional Trading of Gold Fields

A number of hedge funds and other institutional investors have recently bought and sold shares of GFI. Raymond James Financial Inc. bought a new position in shares of Gold Fields in the 4th quarter worth $362,000. Mariner LLC increased its holdings in shares of Gold Fields by 34.3% in the 4th quarter. Mariner LLC now owns 20,375 shares of the company’s stock worth $269,000 after buying an additional 5,204 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Gold Fields by 9.4% in the 4th quarter. First Trust Advisors LP now owns 27,944 shares of the company’s stock worth $369,000 after buying an additional 2,412 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Gold Fields in the 4th quarter worth $155,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Gold Fields in the 4th quarter worth $2,357,000. Institutional investors own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GFI. Canaccord Genuity Group began coverage on shares of Gold Fields in a research report on Monday, July 28th. They set a “buy” rating and a $33.00 target price for the company. Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.36.

Gold Fields Stock Performance

NYSE GFI opened at $29.90 on Thursday. The company’s 50 day moving average is $25.94 and its 200-day moving average is $22.94. Gold Fields has a 12-month low of $12.98 and a 12-month high of $31.77. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.40. The firm has a market cap of $26.76 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 0.31 and a beta of 0.42.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.