Gold Fields Sees Unusually High Options Volume (NYSE:GFI)

Gold Fields Limited (NYSE:GFI) was the recipient of some unusual options trading on Monday. Investors acquired 7,111 call options on the stock. This represents an increase of approximately 172% compared to the average daily volume of 2,610 call options.

Gold Fields Stock Up 0.9 %

Shares of GFI stock traded up $0.17 during mid-day trading on Monday, reaching $18.87. The stock had a trading volume of 1,655,204 shares, compared to its average volume of 2,787,074. The firm’s 50 day simple moving average is $15.92 and its 200 day simple moving average is $15.50. Gold Fields has a one year low of $12.28 and a one year high of $19.80. The firm has a market cap of $16.89 billion, a PE ratio of 8.03, a P/E/G ratio of 0.30 and a beta of 1.15.

Institutional Trading of Gold Fields

A number of hedge funds have recently modified their holdings of GFI. FCA Corp TX bought a new position in shares of Gold Fields during the 4th quarter worth approximately $108,000. Net Worth Advisory Group bought a new position in shares of Gold Fields during the 4th quarter worth approximately $136,000. Signaturefd LLC lifted its position in shares of Gold Fields by 19.1% during the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after buying an additional 1,656 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Gold Fields during the 4th quarter worth approximately $139,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Gold Fields during the 4th quarter worth approximately $141,000. Institutional investors own 24.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Gold Fields has a consensus rating of “Moderate Buy” 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.