Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price gapped up prior to trading 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 changing hands.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Scotiabank boosted their target price on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Finally, HSBC restated a "hold" rating and set a $21.00 target price on shares of Gold Fields in a research report on Thursday, April 17th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Gold Fields currently has a consensus rating of "Hold" and an average target price of $18.56.
Read Our Latest Report on GFI
Gold Fields Stock Up 3.7%
The company's 50 day moving average price is $22.77 and its two-hundred day moving average price is $19.11. The stock has a market cap of $22.60 billion, a P/E ratio of 10.74, a P/E/G ratio of 0.30 and a beta of 0.55.
Institutional Trading of Gold Fields
Several institutional investors and hedge funds have recently modified their holdings of GFI. Allspring Global Investments Holdings LLC raised its stake in shares of Gold Fields by 8.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock valued at $21,194,000 after acquiring an additional 122,247 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of Gold Fields during the fourth quarter valued at approximately $1,641,000. Rhumbline Advisers raised its stake in shares of 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. D.A. Davidson & CO. bought a new stake in shares of Gold Fields during the fourth quarter valued at approximately $428,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Gold Fields during the fourth quarter valued at approximately $1,422,000. Institutional investors own 24.81% of the company's stock.
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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