Investors Buy Large Volume of Gold Fields Call Options (NYSE:GFI)

Gold Fields Limited (NYSE:GFI) saw some unusual options trading activity on Thursday. Stock investors purchased 259,847 call options on the stock. This is an increase of 14,531% compared to the typical daily volume of 1,776 call options.

Gold Fields Trading Down 10.5%

NYSE GFI opened at $45.62 on Friday. Gold Fields has a 52 week low of $19.35 and a 52 week high of $61.64. The company has a 50 day moving average price of $52.36 and a 200 day moving average price of $44.71.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Citigroup upped their target price on Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Royal Bank Of Canada cut their price target on Gold Fields to $45.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Wall Street Zen raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Scotiabank raised their price objective on Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $44.00.

Hedge Funds Weigh In On Gold Fields

A number of large investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC lifted its holdings in shares of Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after purchasing an additional 273 shares during the last quarter. Archer Investment Corp purchased a new position in Gold Fields during the 3rd quarter worth $42,000. Cary Street Partners Investment Advisory LLC purchased a new position in Gold Fields during the 3rd quarter worth $45,000. Bayforest Capital Ltd increased its position in Gold Fields by 1,106.7% during the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after buying an additional 996 shares in the last quarter. Finally, Country Trust Bank acquired a new position in Gold Fields during the 2nd quarter valued at about $26,000. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Company Profile

Gold Fields (NYSE: GFI) is a Johannesburg?based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open?pit mining, ore treatment and refining, and ongoing exploration to replace reserves.