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

Gold Fields Limited (NYSE:GFI - Get Free Report)'s share price 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.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GFI. HSBC reissued a "hold" rating and set a $21.00 price target on shares of Gold Fields in a report on Thursday, April 17th. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Scotiabank raised their target price 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. Finally, Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Gold Fields currently has a consensus rating of "Hold" and an average target price of $19.70.

Gold Fields Price Performance

The firm has a 50-day moving average of $23.11 and a 200-day moving average of $19.80. The stock has a market cap of $20.38 billion, a PE ratio of 9.69, a PEG ratio of 0.26 and a beta of 0.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 0.73.

Institutional Investors Weigh In On Gold Fields

Institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its stake in Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after acquiring an additional 720 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 valued at $600,000 after purchasing an additional 6,974 shares during the last quarter. U S Global Investors Inc. purchased a new position in shares of Gold Fields during the fourth quarter valued at about $990,000. US Bancorp DE increased its holdings 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 during the last quarter. Finally, Metis Global Partners LLC lifted its position in shares of Gold Fields by 13.6% in the fourth quarter. Metis Global Partners LLC now owns 49,113 shares of the company's stock worth $648,000 after buying an additional 5,875 shares in the last quarter. 24.81% of the stock is owned by hedge funds and other 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.