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

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Gold Fields Limited (NYSE:GFI) saw some unusual options trading activity on Tuesday. Stock investors acquired 12,499 call options on the company. This represents an increase of approximately 660% compared to the typical daily volume of 1,644 call options.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada upgraded shares of Gold Fields from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $10.50 to $11.00 in a research report on Tuesday, October 12th. Zacks Investment Research downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Monday, September 20th.

GFI opened at $10.59 on Wednesday. Gold Fields has a 1-year low of $7.75 and a 1-year high of $12.52. The firm’s 50 day simple moving average is $10.12 and its two-hundred day simple moving average is $9.44.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GFI. Amundi Pioneer Asset Management Inc. raised its position in Gold Fields by 75.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,935,799 shares of the company’s stock worth $10,951,000 after acquiring an additional 1,261,943 shares during the period. New York State Common Retirement Fund bought a new position in Gold Fields in the second quarter worth approximately $59,000. Russell Investments Group Ltd. raised its position in Gold Fields by 10.2% in the second quarter. Russell Investments Group Ltd. now owns 2,541,030 shares of the company’s stock worth $22,613,000 after acquiring an additional 234,294 shares during the period. Ronit Capital LLP raised its position in shares of Gold Fields by 57.6% during the 2nd quarter. Ronit Capital LLP now owns 331,000 shares of the company’s stock valued at $2,946,000 after purchasing an additional 121,000 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Gold Fields by 10.1% during the 2nd quarter. American Century Companies Inc. now owns 2,638,501 shares of the company’s stock valued at $23,483,000 after buying an additional 242,834 shares in the last quarter. Institutional investors and hedge funds own 30.67% of the company’s stock.

Gold Fields Company Profile

Gold Fields Ltd. is a gold mining company, which engages in the production of gold and operation of mines. Its operating mines are located in Australia, Ghana, Peru, and South Africa. The company was founded on May 03, 1968 and is headquartered in Johannesburg, South Africa.

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