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

Gold Fields Limited (NYSE:GFI) was the target of some unusual options trading activity on Monday. Stock traders purchased 3,535 put options on the stock. This represents an increase of approximately 71% compared to the average volume of 2,066 put options.

Analyst Ratings Changes

Several equities analysts have issued reports on GFI shares. Wall Street Zen raised Gold Fields from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and lifted their price target for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Zacks Research downgraded shares of Gold Fields from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Finally, Scotiabank reduced their target price on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Gold Fields has an average rating of “Hold” and an average target price of $47.75.

Institutional Trading of Gold Fields

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Gold Fields by 43.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock worth $10,698,000 after buying an additional 74,539 shares during the period. Crescent Grove Advisors LLC purchased a new stake in Gold Fields in the first quarter worth $1,795,000. Sigma Planning Corp lifted its position in shares of Gold Fields by 203.7% in the 4th quarter. Sigma Planning Corp now owns 55,407 shares of the company’s stock worth $2,419,000 after purchasing an additional 37,161 shares during the period. PKO Investment Management Joint Stock Co lifted its holdings in Gold Fields by 11.9% in the fourth quarter. PKO Investment Management Joint Stock Co now owns 319,496 shares of the company’s stock worth $13,949,000 after buying an additional 34,000 shares during the period. Finally, Euro Pacific Asset Management LLC boosted its position in shares of Gold Fields by 371.9% during the first quarter. Euro Pacific Asset Management LLC now owns 64,497 shares of the company’s stock valued at $3,117,000 after purchasing an additional 50,830 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

NYSE:GFI traded down $0.24 during mid-day trading on Monday, hitting $40.58. 805,498 shares of the stock traded hands, compared to its average volume of 3,519,588. Gold Fields has a 12-month low of $29.24 and a 12-month high of $61.64. The business’s 50-day moving average price is $34.85 and its 200 day moving average price is $43.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33.

Gold Fields Company Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.