Gold Fields Limited (NYSE:GFI)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $5.80, but opened at $5.68. Gold Fields shares last traded at $5.89, with a volume of 370,787 shares traded.
Several brokerages have issued reports on GFI. Zacks Investment Research cut shares of Gold Fields from a “hold” rating to a “sell” rating in a research report on Friday, November 15th. ValuEngine cut shares of Gold Fields from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their target price on shares of Gold Fields from $6.20 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Gold Fields in a report on Friday, August 16th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Gold Fields presently has a consensus rating of “Hold” and an average target price of $4.64.
The firm has a 50-day moving average of $5.52 and a 200 day moving average of $5.31. The company has a market cap of $4.99 billion, a P/E ratio of 86.86 and a beta of -1.18.
A number of hedge funds have recently modified their holdings of GFI. Tower Research Capital LLC TRC boosted its holdings in shares of Gold Fields by 2,832.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,568 shares of the company’s stock worth $32,000 after buying an additional 6,344 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of Gold Fields during the 3rd quarter valued at $53,000. Sicart Associates LLC bought a new position in Gold Fields during the third quarter worth $57,000. Cresset Asset Management LLC bought a new position in Gold Fields during the second quarter worth $65,000. Finally, Symmetry Partners LLC acquired a new stake in Gold Fields in the third quarter worth $64,000. Institutional investors and hedge funds own 42.25% of the company’s stock.
About Gold Fields (NYSE:GFI)
Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.
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