Gold Fields Limited (NYSE:GFI - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $24.35, but opened at $25.04. Gold Fields shares last traded at $25.17, with a volume of 306,996 shares trading hands.
Wall Street Analyst Weigh In
Several research firms have recently commented on GFI. 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. Hsbc Global Res raised shares of Gold Fields to a "hold" rating 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 note on Friday, May 30th. Finally, Scotiabank boosted their price objective on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $18.56.
Get Our Latest Stock Analysis on GFI
Gold Fields Trading Up 1.7%
The stock has a 50 day moving average of $22.88 and a 200-day moving average of $19.22. The company has a market capitalization of $22.98 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.30 and a beta of 0.55.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in GFI. Richardson Financial Services Inc. bought a new position in Gold Fields in the 1st quarter worth approximately $26,000. Banque Cantonale Vaudoise bought a new position in Gold Fields in the 1st quarter worth approximately $44,000. SVB Wealth LLC bought a new position in Gold Fields in the 1st quarter worth approximately $48,000. NewEdge Advisors LLC boosted its stake in Gold Fields by 2,152.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company's stock worth $50,000 after purchasing an additional 2,152 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after purchasing an additional 649 shares during the period. 24.81% of the stock is currently owned by institutional investors.
About Gold Fields
(
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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