Gold Fields (NYSE:GFI) Stock Price Down 5.2% - Time to Sell?

Gold Fields Limited (NYSE:GFI - Get Free Report)'s share 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 were traded during trading, a decline of 73% from the average session volume of 3,492,533 shares. The stock had previously closed at $24.82.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Hsbc Global Res upgraded 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 report on Friday, May 30th. Scotiabank raised their price target on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Finally, HSBC restated a "hold" rating and set a $21.00 price target on shares of Gold Fields in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $19.70.

Gold Fields Stock Up 0.9%

The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. The firm has a market cap of $21.62 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 0.26 and a beta of 0.54. The stock has a fifty day simple moving average of $23.36 and a two-hundred day simple moving average of $20.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GFI. Richardson Financial Services Inc. purchased a new position in shares of Gold Fields during the first quarter worth about $26,000. Banque Cantonale Vaudoise purchased a new position in shares of Gold Fields during the first quarter worth about $44,000. SVB Wealth LLC purchased a new position in shares of Gold Fields during the first quarter worth about $48,000. NewEdge Advisors LLC grew its holdings in shares of Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company's stock worth $50,000 after purchasing an additional 2,152 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Gold Fields by 21.0% during the first 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. Hedge funds and other institutional investors own 24.81% of the company's stock.

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.