Insider Buying: Gold Fields (NYSE:GFI) Director Buys 500 Shares of Stock

Gold Fields Limited (NYSE:GFI) Director Jacqueline Elizabeth Mcgill acquired 500 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average cost of $37.70 per share, with a total value of $18,850.00. Following the completion of the transaction, the director owned 500 shares in the company, valued at $18,850. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Gold Fields Stock Up 1.1%

NYSE:GFI opened at $38.43 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. The firm has a 50-day moving average of $43.95 and a two-hundred day moving average of $46.63. Gold Fields Limited has a 1-year low of $22.40 and a 1-year high of $61.64.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans acquired a new position in Gold Fields in the third quarter worth approximately $4,314,000. Cibc World Market Inc. grew its position in Gold Fields by 1,180.0% in the third quarter. Cibc World Market Inc. now owns 159,101 shares of the company’s stock worth $6,676,000 after buying an additional 146,671 shares during the last quarter. AdvisorShares Investments LLC acquired a new position in Gold Fields in the third quarter worth approximately $1,889,000. Mitsubishi UFJ Trust & Banking Corp grew its position in Gold Fields by 43.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock worth $10,698,000 after buying an additional 74,539 shares during the last quarter. Finally, Dorsey Wright & Associates acquired a new position in Gold Fields in the third quarter worth approximately $2,758,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

GFI has been the topic of several research analyst reports. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and increased their price target for the stock from $40.25 to $57.25 in a research report on Friday, April 24th. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Scotiabank lowered their price objective on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, March 20th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $49.75.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.