Gold Fields (NYSE:GFI) Shares Gap Down - What's Next?

Gold Fields Limited (NYSE:GFI - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $24.67, but opened at $23.66. Gold Fields shares last traded at $23.73, with a volume of 926,834 shares trading hands.

Wall Street Analysts Forecast Growth

GFI has been the topic of several research analyst reports. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a report on Thursday, April 17th. Scotiabank lifted their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Finally, HSBC restated a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a research note on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $18.56.

Gold Fields Trading Down 3.2%

The firm has a market capitalization of $21.37 billion, a PE ratio of 10.16, a PEG ratio of 0.28 and a beta of 0.55. 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 company's 50-day moving average price is $23.12 and its 200-day moving average price is $19.68.

Institutional Investors Weigh In On Gold Fields

A number of institutional investors and hedge funds have recently bought and sold shares of GFI. HighTower Advisors LLC increased its position in shares of Gold Fields by 0.5% during the fourth quarter. HighTower Advisors LLC now owns 105,174 shares of the company's stock worth $1,388,000 after purchasing an additional 573 shares in the last quarter. GAMMA Investing LLC grew its stake in Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after buying an additional 649 shares during the last quarter. Rhumbline Advisers increased its position in Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock worth $229,000 after buying an additional 720 shares during the period. Bridgewater Advisors Inc. boosted its holdings in shares of Gold Fields by 4.9% in the first quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company's stock valued at $441,000 after acquiring an additional 934 shares during the period. Finally, Richardson Financial Services Inc. purchased a new position in shares of Gold Fields during the first quarter worth approximately $26,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

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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