Gold Fields Limited (NYSE:GFI – Get Free Report) saw unusually large options trading activity on Thursday. Stock investors purchased 52,720 call options on the stock. This is an increase of approximately 2,022% compared to the average daily volume of 2,485 call options.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp boosted its stake in shares of Gold Fields by 3.4% in the 4th quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock valued at $1,549,227,000 after purchasing an additional 1,180,634 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Gold Fields by 69.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock valued at $191,407,000 after purchasing an additional 1,794,124 shares during the last quarter. Man Group plc lifted its stake in Gold Fields by 63.7% in the 4th quarter. Man Group plc now owns 3,650,799 shares of the company’s stock valued at $159,394,000 after purchasing an additional 1,421,121 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Gold Fields by 62.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company’s stock valued at $114,147,000 after buying an additional 910,580 shares in the last quarter. Finally, Morgan Stanley boosted its position in Gold Fields by 3.5% in the fourth quarter. Morgan Stanley now owns 2,049,360 shares of the company’s stock valued at $89,475,000 after buying an additional 68,378 shares in the last quarter. Institutional investors own 24.81% of the company’s stock.
Analyst Upgrades and Downgrades
GFI has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Royal Bank Of Canada reduced their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Wall Street Zen lowered Gold Fields from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Zacks Research lowered shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Gold Fields in a research report on Monday, August 31st. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Gold Fields has an average rating of “Hold” and an average price target of $54.05.
Gold Fields Trading Down 3.0%
NYSE GFI traded down $1.43 on Thursday, hitting $45.60. 2,015,871 shares of the company’s stock were exchanged, compared to its average volume of 3,565,867. The stock has a 50-day moving average of $38.92 and a 200-day moving average of $42.03. Gold Fields has a 52 week low of $31.11 and a 52 week high of $61.64. The company has a quick ratio of 1.33, a current ratio of 1.87 and a debt-to-equity ratio of 0.27.
Gold Fields Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be paid a $1.0144 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a yield of 421.0%.
Gold Fields Company Profile
Gold Fields Limited is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and other gold-bearing products for refining and sale. Its portfolio also includes limited by-product production, such as copper and silver, at certain operations.
Gold Fields operates mines and development projects across Africa, Australia and the Americas. Its assets include the South Deep mine in South Africa; Tarkwa and the Damang complex in Ghana; St Ives, Agnew and Granny Smith in Western Australia; Cerro Corona in Peru; and Salares Norte in Chile.
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