Stock Traders Purchase Large Volume of Gold Fields Call Options (NYSE:GFI)

by · The Markets Daily

Gold Fields Limited (NYSE:GFIGet Free Report) saw some unusual options trading on Thursday. Stock traders acquired 52,720 call options on the stock. This is an increase of approximately 2,022% compared to the typical daily volume of 2,485 call options.

Hedge Funds Weigh In On Gold Fields

A number of hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in Gold Fields by 3.4% in the fourth quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock valued at $1,549,227,000 after buying an additional 1,180,634 shares during the period. Goldman Sachs Group Inc. grew its holdings in Gold Fields by 69.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock worth $191,407,000 after acquiring an additional 1,794,124 shares during the period. Man Group plc raised its position in shares of Gold Fields by 63.7% in the 4th quarter. Man Group plc now owns 3,650,799 shares of the company’s stock worth $159,394,000 after acquiring an additional 1,421,121 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Gold Fields by 62.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company’s stock worth $114,147,000 after acquiring an additional 910,580 shares in the last quarter. Finally, Morgan Stanley lifted its stake in shares of Gold Fields by 3.5% in the 4th quarter. Morgan Stanley now owns 2,049,360 shares of the company’s stock valued at $89,475,000 after purchasing an additional 68,378 shares during the period. Institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Down 3.0%

NYSE:GFI traded down $1.43 on Thursday, reaching $45.60. 2,015,871 shares of the stock traded hands, compared to its average volume of 3,565,867. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.33 and a current ratio of 1.87. Gold Fields has a 1-year low of $31.11 and a 1-year high of $61.64. The company’s 50 day moving average is $38.92 and its 200-day moving average is $42.03.

Gold Fields Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be given a dividend of $1.0144 per share. The ex-dividend date is Friday, September 11th. This represents a dividend yield of 421.0%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Zacks Research cut Gold Fields from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. cut their price target on Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Royal Bank Of Canada reduced their price target on Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Wall Street Zen downgraded Gold Fields from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Scotiabank dropped their price objective on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $54.05.

Read Our Latest Report on Gold Fields

Gold Fields Company Profile

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Gold Fields Limited is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and other gold-bearing products for refining and sale. Its portfolio also includes limited by-product production, such as copper and silver, at certain operations.

Gold Fields operates mines and development projects across Africa, Australia and the Americas. Its assets include the South Deep mine in South Africa; Tarkwa and the Damang complex in Ghana; St Ives, Agnew and Granny Smith in Western Australia; Cerro Corona in Peru; and Salares Norte in Chile.

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