Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $31.91 and last traded at $31.91, with a volume of 116179 shares trading hands. The stock had previously closed at $31.12.
Wall Street Analyst Weigh In
GFI has been the subject of several research analyst reports. Wall Street Zen raised Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Canaccord Genuity Group started coverage on Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 price target on the stock. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $22.36.
Read Our Latest Stock Analysis on GFI
Gold Fields Stock Performance
The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14. The business has a 50-day moving average price of $26.15 and a 200 day moving average price of $23.18. The stock has a market capitalization of $28.67 billion, a P/E ratio of 13.63, a PEG ratio of 0.33 and a beta of 0.42.
Hedge Funds Weigh In On Gold Fields
Hedge funds and other institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its stake in shares of Gold Fields by 47.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 15,756 shares of the company's stock worth $348,000 after purchasing an additional 5,102 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after purchasing an additional 649 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Gold Fields in the 1st quarter worth $8,075,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Gold Fields in the 1st quarter worth $624,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Gold Fields in the 1st quarter worth $2,914,000. 24.81% of the stock is owned by institutional investors.
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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