Gold Fields (NYSE:GFI) Trading Down 2.9% - Here's What Happened

Shares of Gold Fields Limited (NYSE:GFI - Get Free Report) were down 2.9% during trading on Monday . The stock traded as low as $24.79 and last traded at $24.97. Approximately 1,010,795 shares traded hands during trading, a decline of 72% from the average daily volume of 3,579,919 shares. The stock had previously closed at $25.71.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GFI shares. 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. Scotiabank upped their price target 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. HSBC restated a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. Finally, Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating 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 stock. Based on data from MarketBeat.com, Gold Fields currently has an average rating of "Hold" and an average price target of $18.56.

Gold Fields Trading Up 0.2%

The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. The firm has a market cap of $21.79 billion, a PE ratio of 10.36, a P/E/G ratio of 0.28 and a beta of 0.55. The company's 50-day moving average is $23.09 and its 200 day moving average is $19.39.

Institutional Investors Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its position in Gold Fields by 0.5% in the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company's stock worth $1,388,000 after buying an additional 573 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after purchasing an additional 649 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Gold Fields by 4.3% during the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock worth $229,000 after purchasing an additional 720 shares during the last quarter. Bridgewater Advisors Inc. increased its stake in shares of Gold Fields by 4.9% during the 1st quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company's stock worth $441,000 after purchasing an additional 934 shares during the last quarter. Finally, Richardson Financial Services Inc. acquired a new position in shares of Gold Fields during the 1st quarter worth $26,000. Hedge funds and other institutional investors own 24.81% of the company's stock.

About Gold Fields

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.