Shares of Gold Fields Limited (NYSE:GFI) were down 5.4% during trading on Thursday . The company traded as low as $5.13 and last traded at $5.44, approximately 12,205,175 shares changed hands during trading. An increase of 92% from the average daily volume of 6,351,585 shares. The stock had previously closed at $5.75.
A number of analysts have recently commented on GFI shares. BMO Capital Markets raised shares of Gold Fields from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 25th. ValuEngine raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Saturday, June 1st. Royal Bank of Canada cut shares of Gold Fields from an “outperform” rating to a “sector perform” rating and set a $5.31 target price for the company. in a research note on Wednesday, June 26th. Finally, Zacks Investment Research raised shares of Gold Fields from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $4.14.
The company has a market cap of $4.35 billion, a PE ratio of 77.71 and a beta of -0.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.90 and a current ratio of 1.50. The firm’s 50 day moving average is $5.49 and its 200-day moving average is $4.45.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Allied Advisory Services Inc. purchased a new stake in Gold Fields during the 1st quarter valued at about $71,000. Donald Smith & CO. Inc. grew its stake in Gold Fields by 4.1% during the 1st quarter. Donald Smith & CO. Inc. now owns 32,198,559 shares of the company’s stock valued at $120,101,000 after acquiring an additional 1,280,365 shares in the last quarter. Wrapmanager Inc. purchased a new stake in Gold Fields during the 1st quarter valued at about $72,000. Pendal Group Ltd purchased a new stake in Gold Fields during the 2nd quarter valued at about $3,064,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in Gold Fields by 5.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 3,750,134 shares of the company’s stock valued at $13,988,000 after purchasing an additional 187,908 shares during the last quarter. 44.19% of the stock is owned by institutional investors.
Gold Fields Company Profile (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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