Gold Fields Limited (NYSE:GFI) shares reached a new 52-week high during trading on Monday . The stock traded as high as $5.84 and last traded at $5.78, with a volume of 148699 shares changing hands. The stock had previously closed at $5.45.
Several analysts have recently commented on GFI shares. Zacks Investment Research raised shares of Gold Fields from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Monday, May 6th. ValuEngine raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Saturday, June 1st. BMO Capital Markets raised shares of Gold Fields from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 25th. Finally, Royal Bank of Canada cut shares of Gold Fields from an “outperform” rating to a “sector perform” rating and set a $5.31 price objective on the stock. in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $4.11.
The company has a 50-day simple moving average of $5.35. The stock has a market capitalization of $4.47 billion, a P/E ratio of 85.07 and a beta of -0.89. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.50 and a quick ratio of 0.90.
Several hedge funds and other institutional investors have recently made changes to their positions in GFI. Close Asset Management Ltd boosted its position in shares of Gold Fields by 347.7% during the first quarter. Close Asset Management Ltd now owns 10,350 shares of the company’s stock worth $39,000 after purchasing an additional 8,038 shares in the last quarter. Concentrum Wealth Management bought a new position in shares of Gold Fields during the first quarter worth $40,000. We Are One Seven LLC raised its holdings in shares of Gold Fields by 1,011.5% during the first quarter. We Are One Seven LLC now owns 11,115 shares of the company’s stock worth $41,000 after acquiring an additional 10,115 shares during the period. Corient Capital Partners LLC acquired a new stake in shares of Gold Fields during the first quarter worth $45,000. Finally, CAPROCK Group Inc. acquired a new stake in shares of Gold Fields during the first quarter worth $49,000. 44.27% of the stock is currently owned by institutional investors.
About Gold Fields (NYSE:GFI)
Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.
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