Gold Fields Limited (NYSE:GFI - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $45.45, but opened at $48.09. Gold Fields shares last traded at $48.02, with a volume of 1,110,245 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on GFI shares. Royal Bank Of Canada dropped their target price on Gold Fields from $50.00 to $49.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. Zacks Research lowered Gold Fields from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 21st. Scotiabank decreased their price target on Gold Fields from $60.00 to $52.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 14th. Canaccord Genuity Group upgraded Gold Fields from a "hold" rating to a "buy" rating and upped their price target for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded Gold Fields from a "hold" rating to a "buy" rating in a research note on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $47.75.
Read Our Latest Analysis on Gold Fields
Gold Fields Trading Up 4.9%
The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. The company's 50 day simple moving average is $35.72 and its two-hundred day simple moving average is $42.64.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of GFI. Quantitative Investment Management LLC increased its holdings in Gold Fields by 712.5% during the 2nd quarter. Quantitative Investment Management LLC now owns 47,637 shares of the company's stock valued at $1,600,000 after purchasing an additional 41,774 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Gold Fields in the second quarter worth $2,955,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its holdings in shares of Gold Fields by 10.9% during the second quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 74,300 shares of the company's stock worth $2,496,000 after purchasing an additional 7,300 shares during the last quarter. Carolina Wealth Advisors LLC grew its holdings in shares of Gold Fields by 9.5% during the second quarter. Carolina Wealth Advisors LLC now owns 58,989 shares of the company's stock worth $1,981,000 after purchasing an additional 5,128 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Gold Fields in the second quarter valued at $8,033,000. 24.81% of the stock is owned by institutional investors and hedge funds.
About Gold Fields
(
Get Free Report)
Gold Fields NYSE: GFI is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.
The company's core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.
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