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

Gold Fields Limited (NYSE:GFI) was the target of some unusual options trading activity on Monday. Investors acquired 18,288 put options on the stock. This is an increase of approximately 697% compared to the average volume of 2,294 put options.

Wall Street Analysts Forecast Growth

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

Gold Fields Stock Up 4.7 %

Shares of NYSE GFI traded up $0.88 during mid-day trading on Monday, hitting $19.56. 1,489,806 shares of the company’s stock traded hands, compared to its average volume of 2,643,793. The company’s 50-day moving average is $14.98 and its two-hundred day moving average is $15.33. Gold Fields has a 1 year low of $12.28 and a 1 year high of $19.71.

Institutional Trading of Gold Fields

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Net Worth Advisory Group purchased a new stake in Gold Fields in the 4th quarter valued at about $136,000. Sequoia Financial Advisors LLC purchased a new position in shares of Gold Fields in the 4th quarter worth approximately $141,000. US Bancorp DE increased its position in shares of Gold Fields by 18.9% during the fourth quarter. US Bancorp DE now owns 11,484 shares of the company’s stock worth $152,000 after purchasing an additional 1,829 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in Gold Fields in the third quarter valued at about $160,000. Finally, Concurrent Investment Advisors LLC grew its position in Gold Fields by 8.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after purchasing an additional 850 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

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.