Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $23.00, but opened at $23.94. Gold Fields shares last traded at $24.81, with a volume of 1,061,659 shares changing hands.
Analyst Ratings Changes
A number of brokerages have weighed in on GFI. HSBC reissued 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 upgraded Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Wall Street Zen cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Scotiabank increased their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $18.56.
Read Our Latest Stock Report on GFI
Gold Fields Trading Down 3.2%
The stock has a market capitalization of $22.03 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.30 and a beta of 0.57. The business has a 50-day moving average price of $22.48 and a two-hundred day moving average price of $18.78.
Institutional Investors Weigh In On Gold Fields
Institutional investors and hedge funds have recently bought and sold shares of the company. DJE Kapital AG bought a new position in Gold Fields in the 4th quarter valued at about $33,486,000. Clark Capital Management Group Inc. bought a new stake in Gold Fields during the first quarter worth $49,186,000. Marshall Wace LLP boosted its holdings in shares of Gold Fields by 1,594.7% in the 4th quarter. Marshall Wace LLP now owns 2,114,631 shares of the company's stock valued at $27,913,000 after purchasing an additional 1,989,849 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Gold Fields in the 1st quarter valued at $30,914,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Gold Fields by 153.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock worth $32,832,000 after buying an additional 900,317 shares during the last quarter. Institutional investors own 24.81% of the company's stock.
About Gold Fields
(
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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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