Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price traded down 5.2% during mid-day trading on Tuesday . The stock traded as low as $23.51 and last traded at $23.53. 936,526 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 3,492,533 shares. The stock had previously closed at $24.82.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a research report on Thursday, April 17th. HSBC restated a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Scotiabank upped their price target on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Gold Fields has a consensus rating of "Hold" and an average price target of $19.70.
Read Our Latest Stock Report on Gold Fields
Gold Fields Trading Down 5.8%
The business has a 50-day moving average of $23.25 and a 200-day moving average of $20.36. The stock has a market cap of $20.93 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 0.26 and a beta of 0.54. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.40.
Hedge Funds Weigh In On Gold Fields
Institutional investors have recently made changes to their positions in the business. Strs Ohio acquired a new stake in Gold Fields during the first quarter valued at approximately $311,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Gold Fields during the 1st quarter worth $30,914,000. Jones Financial Companies Lllp acquired a new position in Gold Fields during the 1st quarter worth $268,000. Dynamic Technology Lab Private Ltd acquired a new position in Gold Fields during the 1st quarter worth $236,000. Finally, NewEdge Advisors LLC raised its position in shares of Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company's stock valued at $50,000 after acquiring an additional 2,152 shares during the last quarter. 24.81% of the stock is currently 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.
Further Reading
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