Investors Purchase High Volume of Gold Fields Call Options (NYSE:GFI)

Gold Fields Limited (NYSE:GFI) was the recipient of unusually large options trading activity on Wednesday. Traders bought 3,151 call options on the stock. This represents an increase of approximately 240% compared to the average daily volume of 926 call options.

Gold Fields stock opened at $5.64 on Friday. The firm has a 50 day simple moving average of $6.03 and a 200-day simple moving average of $5.80. The stock has a market capitalization of $4.43 billion, a PE ratio of 13.43 and a beta of -0.62. Gold Fields has a 12-month low of $3.57 and a 12-month high of $7.90.

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 13th were issued a $0.0668 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, March 12th. Gold Fields’s dividend payout ratio (DPR) is presently 23.81%.

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Gold Fields by 2,832.1% in the third quarter. Tower Research Capital LLC TRC now owns 6,568 shares of the company’s stock valued at $32,000 after acquiring an additional 6,344 shares in the last quarter. FCA Corp TX purchased a new stake in shares of Gold Fields in the 4th quarter valued at approximately $66,000. Creative Planning purchased a new stake in shares of Gold Fields in the 4th quarter valued at approximately $70,000. Hanlon Investment Management Inc. purchased a new stake in shares of Gold Fields in the 4th quarter valued at approximately $72,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Gold Fields in the 4th quarter valued at approximately $73,000. Institutional investors and hedge funds own 42.51% of the company’s stock.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Friday, March 6th. ValuEngine upgraded shares of Gold Fields from a “sell” rating to a “hold” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Gold Fields presently has an average rating of “Hold” and an average price target of $6.44.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.

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