Gold Fields Limited (NYSE:GFI - Get Free Report)'s share 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 trading hands.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research note on Thursday, April 17th. HSBC restated a "hold" rating and set a $21.00 price target on shares of Gold Fields in a research note on Thursday, April 17th. Finally, Scotiabank increased their price target 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. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $18.56.
Read Our Latest Stock Analysis on Gold Fields
Gold Fields Trading Up 1.5%
The business's fifty day simple moving average is $22.42 and its two-hundred day simple moving average is $18.70. The stock has a market capitalization of $22.74 billion, a P/E ratio of 10.81, a P/E/G ratio of 0.30 and a beta of 0.57.
Institutional Trading of Gold Fields
A number of hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of Gold Fields by 1.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock worth $99,567,000 after acquiring an additional 45,171 shares during the period. Amundi lifted its holdings in shares of Gold Fields by 17.8% during the 1st quarter. Amundi now owns 3,661,529 shares of the company's stock worth $82,934,000 after acquiring an additional 554,160 shares during the period. American Century Companies Inc. lifted its holdings in shares of Gold Fields by 6.0% during the 1st quarter. American Century Companies Inc. now owns 3,154,846 shares of the company's stock worth $69,691,000 after acquiring an additional 178,842 shares during the period. RWC Asset Management LLP lifted its holdings in shares of Gold Fields by 9.2% during the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock worth $35,784,000 after acquiring an additional 227,704 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Gold Fields by 21.5% during the 1st quarter. Deutsche Bank AG now owns 2,642,663 shares of the company's stock worth $58,376,000 after acquiring an additional 467,579 shares during the period. 24.81% of the stock is owned by institutional investors.
Gold Fields Company Profile
(
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.
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