Gold Fields (NYSE:GFI) Shares Gap Down to $16.24

Gold Fields Limited (NYSE:GFIGet Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $16.24, but opened at $15.57. Gold Fields shares last traded at $15.57, with a volume of 216,772 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Scotiabank lifted their target price on Gold Fields from $15.00 to $18.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. boosted their price objective on Gold Fields from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. UBS Group cut Gold Fields from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. Finally, StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.00.

Check Out Our Latest Analysis on GFI

Gold Fields Stock Performance

The business has a 50-day moving average price of $16.66 and a 200-day moving average price of $15.09. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 8.39 and a beta of 1.21. The company has a quick ratio of 0.70, a current ratio of 1.25 and a debt-to-equity ratio of 0.22.

Hedge Funds Weigh In On Gold Fields

Several hedge funds have recently made changes to their positions in GFI. Scotia Capital Inc. boosted its stake in shares of Gold Fields by 3.6% during the 3rd quarter. Scotia Capital Inc. now owns 23,623 shares of the company’s stock worth $257,000 after acquiring an additional 820 shares in the last quarter. Ballentine Partners LLC raised its holdings in Gold Fields by 6.9% in the 1st quarter. Ballentine Partners LLC now owns 14,017 shares of the company’s stock valued at $223,000 after acquiring an additional 901 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Gold Fields by 2.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 33,840 shares of the company’s stock valued at $489,000 after acquiring an additional 949 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Gold Fields by 10.3% during the 4th quarter. QRG Capital Management Inc. now owns 11,802 shares of the company’s stock worth $171,000 after buying an additional 1,101 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Gold Fields by 78.4% during the 1st quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock worth $49,000 after buying an additional 1,361 shares during the last quarter. 26.02% of the stock is owned by institutional investors and hedge funds.

Gold Fields Company Profile

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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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