Gold Fields Limited (NYSE:GFI - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $26.36 and last traded at $26.11, with a volume of 611360 shares traded. The stock had previously closed at $25.04.
Analyst Ratings Changes
GFI has been the subject of several research reports. Scotiabank lifted their price objective on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. HSBC reiterated a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Finally, Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Gold Fields has an average rating of "Hold" and a consensus price target of $18.56.
Read Our Latest Research Report on Gold Fields
Gold Fields Stock Performance
The business has a 50-day moving average of $22.48 and a 200 day moving average of $18.78. The stock has a market cap of $22.03 billion, a PE ratio of 10.47, a PEG ratio of 0.30 and a beta of 0.57.
Hedge Funds Weigh In On Gold Fields
A number of institutional investors have recently modified their holdings of GFI. ABC Arbitrage SA purchased a new stake in Gold Fields in the 4th quarter worth approximately $1,641,000. Raymond James Financial Inc. acquired a new stake in shares of Gold Fields during the fourth quarter worth $362,000. Rhumbline Advisers boosted its holdings in shares of Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock worth $229,000 after purchasing an additional 720 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Gold Fields by 8.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock valued at $21,194,000 after purchasing an additional 122,247 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new position in Gold Fields in the fourth quarter valued at $2,475,000. Institutional investors and hedge funds own 24.81% of the company's stock.
Gold Fields Company Profile
(
Get Free Report)
Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.
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