Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $26.36 and last traded at $26.11, with a volume of 611360 shares trading hands. The stock had previously closed at $25.04.
Analyst Ratings Changes
GFI has been the subject of a number of recent research reports. Scotiabank lifted their price objective on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Finally, HSBC reiterated a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a research note on Thursday, April 17th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $18.56.
Read Our Latest Report on GFI
Gold Fields Stock Performance
The firm has a market cap of $22.03 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 0.30 and a beta of 0.55. The stock has a fifty day simple moving average of $22.52 and a 200 day simple moving average of $18.87.
Institutional Trading of Gold Fields
A number of institutional investors and hedge funds have recently modified their holdings of GFI. DJE Kapital AG bought a new stake in shares of Gold Fields in the 4th quarter worth $33,486,000. Clark Capital Management Group Inc. bought a new stake in shares of Gold Fields in the 1st quarter worth $49,186,000. Marshall Wace LLP grew its holdings in shares of Gold Fields by 1,594.7% in the fourth quarter. Marshall Wace LLP now owns 2,114,631 shares of the company's stock worth $27,913,000 after acquiring an additional 1,989,849 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Gold Fields in the first quarter worth $30,914,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Gold Fields by 153.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock worth $32,832,000 after acquiring an additional 900,317 shares during the period. Institutional investors 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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