Stock Traders Buy Large Volume of Put Options on Gold Fields (NYSE:GFI)

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Gold Fields Limited (NYSE:GFI) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 4,068 put options on the company. This is an increase of approximately 2,160% compared to the average daily volume of 180 put options.

A number of research analysts recently weighed in on the stock. ValuEngine downgraded shares of Gold Fields from a “sell” rating to a “strong sell” rating in a research report on Monday, November 16th. Zacks Investment Research downgraded shares of Gold Fields from a “hold” rating to a “sell” rating in a research report on Tuesday, December 8th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $15.25 price objective on shares of Gold Fields in a research report on Thursday, September 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Gold Fields currently has an average rating of “Hold” and a consensus price target of $13.11.

Shares of GFI stock traded down $0.20 during midday trading on Wednesday, hitting $9.19. 4,404,286 shares of the company were exchanged, compared to its average volume of 7,504,640. The firm has a market capitalization of $8.12 billion, a P/E ratio of 21.88, a PEG ratio of 0.38 and a beta of 0.46. The firm’s 50 day moving average price is $9.25 and its two-hundred day moving average price is $11.24. Gold Fields has a 52 week low of $3.79 and a 52 week high of $14.90.

Hedge funds have recently made changes to their positions in the stock. James Investment Research Inc. bought a new stake in shares of Gold Fields during the 3rd quarter worth about $31,000. Captrust Financial Advisors acquired a new stake in Gold Fields in the 2nd quarter worth about $35,000. Macquarie Group Ltd. acquired a new stake in Gold Fields in the 2nd quarter worth about $38,000. Commonwealth Equity Services LLC acquired a new stake in Gold Fields in the 2nd quarter worth about $96,000. Finally, FCA Corp TX acquired a new stake in Gold Fields in the 3rd quarter worth about $123,000. 34.31% of the stock is owned by institutional investors and hedge funds.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Australia, and Peru. It holds interests in nine operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 51.3 million ounces and mineral resources of approximately 115.7 million ounces.

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