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

Gold Fields Limited (NYSE:GFI - Get Free Report) was the recipient of some unusual options trading activity on Monday. Traders purchased 18,288 put options on the company. This is an increase of approximately 697% compared to the average daily volume of 2,294 put options.

Hedge Funds Weigh In On Gold Fields

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Fund Management S.A. acquired a new position in shares of Gold Fields during the fourth quarter worth $4,619,000. Raymond James Financial Inc. bought a new stake in Gold Fields during the 4th quarter worth $362,000. Sierra Summit Advisors LLC increased its holdings in Gold Fields by 22.7% in the 4th quarter. Sierra Summit Advisors LLC now owns 36,553 shares of the company's stock worth $482,000 after purchasing an additional 6,751 shares in the last quarter. Russell Investments Group Ltd. raised its position in Gold Fields by 1.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,360,385 shares of the company's stock valued at $17,957,000 after purchasing an additional 22,961 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Gold Fields during the fourth quarter valued at about $2,475,000. Institutional investors own 24.81% of the company's stock.

Gold Fields Stock Performance

NYSE:GFI traded up $0.25 during trading hours on Thursday, hitting $19.34. The company's stock had a trading volume of 1,438,623 shares, compared to its average volume of 2,748,197. The stock has a fifty day simple moving average of $15.28 and a 200-day simple moving average of $15.39. Gold Fields has a twelve month low of $12.28 and a twelve month high of $19.71.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. raised their price target on Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Finally, StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $16.45.

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.