Gold Fields (NYSE:GFI) Director John Fraser Mackenzie Buys 500 Shares of Stock

Gold Fields Limited (NYSE:GFI) Director John Fraser Mackenzie purchased 500 shares of the stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average cost of $33.31 per share, for a total transaction of $16,655.00. Following the acquisition, the director owned 500 shares in the company, valued at approximately $16,655. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Gold Fields Stock Performance

Shares of NYSE GFI opened at $31.77 on Thursday. 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 business has a 50-day moving average of $41.15 and a 200-day moving average of $46.11. Gold Fields Limited has a 12 month low of $22.40 and a 12 month high of $61.64.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Weiss Ratings downgraded shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Scotiabank reduced their target price on 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. Finally, Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and raised their price target for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Gold Fields currently has a consensus rating of “Hold” and a consensus price target of $49.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GFI. Millennium Management LLC lifted its holdings in shares of Gold Fields by 20.3% in the 1st quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock worth $4,230,000 after acquiring an additional 32,343 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after purchasing an additional 2,152 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Gold Fields during the 1st quarter valued at $236,000. Jones Financial Companies Lllp purchased a new position in Gold Fields in the 1st quarter worth $268,000. Finally, EverSource Wealth Advisors LLC raised its position in Gold Fields by 183.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock worth $69,000 after purchasing an additional 1,900 shares during the period. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Company Profile

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.