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

Gold Fields Limited (NYSE:GFI) was the target of some unusual options trading on Friday. Stock traders acquired 4,751 call options on the stock. This represents an increase of approximately 61% compared to the typical volume of 2,945 call options.

Gold Fields Trading Up 4.4 %

Shares of NYSE GFI traded up $1.04 during mid-day trading on Friday, reaching $24.44. The company had a trading volume of 2,728,633 shares, compared to its average volume of 3,560,828. The stock has a market cap of $21.87 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.30 and a beta of 0.92. Gold Fields has a 52 week low of $12.98 and a 52 week high of $25.01. The business’s 50-day moving average is $20.09 and its 200-day moving average is $16.94.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a dividend of $0.3752 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. Gold Fields’s dividend payout ratio (DPR) is 25.96%.

Analyst Ratings Changes

Several research firms recently commented on GFI. JPMorgan Chase & Co. lifted 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. Scotiabank boosted their target price on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 25th. Finally, StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Three equities 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.20.

Institutional Trading of Gold Fields

Large investors have recently modified their holdings of the company. FCA Corp TX bought a new stake in Gold Fields during the 4th quarter valued at $108,000. Net Worth Advisory Group purchased a new position in shares of Gold Fields during the fourth quarter valued at $136,000. Signaturefd LLC raised its holdings in shares of Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after acquiring an additional 1,656 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Gold Fields in the fourth quarter worth about $139,000. Finally, Sequoia Financial Advisors LLC bought a new position in Gold Fields during the 4th quarter worth about $141,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.

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.