Gold Fields Limited (NYSE:GFI - Get Free Report) fell 2.9% during mid-day trading on Monday . The company traded as low as $24.79 and last traded at $24.97. 1,010,795 shares traded hands during trading, a decline of 72% from the average session volume of 3,579,919 shares. The stock had previously closed at $25.71.
Wall Street Analyst Weigh In
GFI has been the topic of a number of research analyst reports. Hsbc Global Res raised Gold Fields to a "hold" rating in a research note on Thursday, April 17th. HSBC reiterated a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Scotiabank boosted their target price on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Finally, Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $18.56.
View Our Latest Analysis on Gold Fields
Gold Fields Trading Down 2.3%
The business's fifty day simple moving average is $22.98 and its 200-day simple moving average is $19.32. The firm has a market cap of $21.70 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 0.30 and a beta of 0.55.
Institutional Trading of Gold Fields
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Richardson Financial Services Inc. purchased a new stake in shares of Gold Fields in the first quarter worth $26,000. Banque Cantonale Vaudoise purchased a new stake in Gold Fields during the 1st quarter valued at about $44,000. SVB Wealth LLC bought a new stake in Gold Fields during the 1st quarter valued at about $48,000. NewEdge Advisors LLC raised its holdings in Gold Fields by 2,152.0% in the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company's stock worth $50,000 after buying an additional 2,152 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Gold Fields by 21.0% in the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after buying an additional 649 shares during the last quarter. 24.81% of the stock is owned by hedge funds and other 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.
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