Gold Fields (NYSE:GFI) Shares Down 4.7% - Should You Sell?

Shares of Gold Fields Limited (NYSE:GFI - Get Free Report) were down 4.7% on Friday . The stock traded as low as $22.40 and last traded at $22.70. Approximately 1,111,000 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 3,539,980 shares. The stock had previously closed at $23.82.

Wall Street Analysts Forecast Growth

GFI has been the topic of several recent analyst reports. Scotiabank lifted their price target on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Finally, HSBC reaffirmed a "hold" rating and set a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Gold Fields currently has an average rating of "Hold" and an average price target of $19.70.

Gold Fields Trading Down 4.2%

The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.40. The firm's 50 day moving average is $23.11 and its two-hundred day moving average is $19.80. The stock has a market cap of $20.42 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 0.26 and a beta of 0.55.

Institutional Trading of Gold Fields

Hedge funds have recently bought and sold shares of the company. Rhumbline Advisers grew its holdings in Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock worth $229,000 after buying an additional 720 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Gold Fields by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 45,442 shares of the company's stock worth $600,000 after acquiring an additional 6,974 shares during the period. U S Global Investors Inc. bought a new position in shares of Gold Fields in the fourth quarter worth $990,000. US Bancorp DE grew its stake in shares of Gold Fields by 18.9% in the fourth quarter. US Bancorp DE now owns 11,484 shares of the company's stock worth $152,000 after purchasing an additional 1,829 shares in the last quarter. Finally, Metis Global Partners LLC increased its holdings in shares of Gold Fields by 13.6% during the fourth quarter. Metis Global Partners LLC now owns 49,113 shares of the company's stock valued at $648,000 after purchasing an additional 5,875 shares during the period. 24.81% of the stock is currently owned by institutional investors.

About Gold Fields

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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