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

Gold Fields Limited (NYSE:GFI - Get Free Report) saw some unusual options trading activity on Friday. Stock traders acquired 4,751 call options on the company. This is an increase of 61% compared to the typical daily volume of 2,945 call options.

Institutional Investors Weigh In On Gold Fields

Institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new position in Gold Fields in the 1st quarter worth about $2,914,000. SG Americas Securities LLC lifted its stake in shares of Gold Fields by 105.7% in the first quarter. SG Americas Securities LLC now owns 180,956 shares of the company's stock worth $3,997,000 after buying an additional 92,966 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after buying an additional 649 shares during the last quarter. Range Financial Group LLC increased its position in shares of Gold Fields by 52.3% during the first quarter. Range Financial Group LLC now owns 88,813 shares of the company's stock valued at $1,962,000 after acquiring an additional 30,485 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in Gold Fields in the 1st quarter worth approximately $1,096,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GFI. Scotiabank lifted their price target on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research note on Wednesday, January 15th. Finally, StockNews.com upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Thursday, April 10th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.95.

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Gold Fields Stock Performance

Shares of Gold Fields stock traded up $0.19 during trading on Tuesday, hitting $23.88. The company's stock had a trading volume of 2,783,384 shares, compared to its average volume of 3,636,070. The company has a fifty day simple moving average of $20.34 and a two-hundred day simple moving average of $17.06. Gold Fields has a 52 week low of $12.98 and a 52 week high of $25.01. The company has a market capitalization of $21.37 billion, a PE ratio of 10.16, a P/E/G ratio of 0.30 and a beta of 0.92.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were issued a $0.3752 dividend. This represents a yield of 1.6%. This is an increase from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date was Friday, March 14th. Gold Fields's payout ratio is 25.96%.

About Gold Fields

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.