Gold Fields (NYSE:GFI) Releases Earnings Results

Key Points

• Gold Fields reported earnings of $1.14 per share for the quarter, a significant increase from $0.43 per share during the same period last year.
• The company's stock opened at $30.20 and has seen a market cap of $27.03 billion, with a P/E ratio of 12.85.
• Recent institutional activity includes Quantinno Capital Management increasing its holdings by 16.4%, reflecting growing investor interest in Gold Fields.

Gold Fields (NYSE:GFI - Get Free Report) issued its earnings results on Friday. The company reported $1.14 earnings per share (EPS) for the quarter, RTT News reports. During the same period in the previous year, the company earned $0.43 EPS.

Gold Fields Stock Performance

Shares of GFI stock opened at $30.20 on Friday. The stock has a fifty day moving average price of $26.04 and a 200 day moving average price of $23.02. The stock has a market cap of $27.03 billion, a PE ratio of 12.85, a P/E/G ratio of 0.32 and a beta of 0.42. Gold Fields has a 1 year low of $12.98 and a 1 year high of $31.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14.

Hedge Funds Weigh In On Gold Fields

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantinno Capital Management LP raised its holdings in Gold Fields by 16.4% during the second quarter. Quantinno Capital Management LP now owns 46,572 shares of the company's stock worth $1,102,000 after purchasing an additional 6,546 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Gold Fields by 3.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,055,688 shares of the company's stock worth $24,988,000 after buying an additional 31,516 shares in the last quarter. Diversify Wealth Management LLC purchased a new position in Gold Fields during the second quarter worth $1,205,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Gold Fields during the second quarter worth $11,121,000. Finally, Diversify Advisory Services LLC purchased a new position in Gold Fields during the second quarter worth $357,000. 24.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Canaccord Genuity Group assumed coverage on Gold Fields in a research note on Monday, July 28th. They set a "buy" rating and a $33.00 target price for the company. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $22.36.

Gold Fields Company Profile

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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