Shares of Gold Fields Limited (NYSE:GFI) dropped 5.4% during trading on Thursday . The stock traded as low as $5.13 and last traded at $5.44, approximately 12,205,175 shares traded hands during trading. An increase of 92% from the average daily volume of 6,351,585 shares. The stock had previously closed at $5.75.
GFI has been the topic of several recent research reports. Zacks Investment Research raised shares of Gold Fields from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Monday, May 6th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Gold Fields in a report on Friday. ValuEngine raised shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Saturday, June 1st. Finally, BMO Capital Markets raised shares of Gold Fields from a “market perform” rating to an “outperform” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.14.
The firm has a market cap of $4.72 billion, a PE ratio of 77.00 and a beta of -0.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.90 and a current ratio of 1.50. The company’s 50-day simple moving average is $5.49 and its two-hundred day simple moving average is $4.46.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bamco Inc. NY bought a new position in shares of Gold Fields in the 2nd quarter worth about $30,828,000. Voloridge Investment Management LLC bought a new position in shares of Gold Fields in the 2nd quarter worth about $1,394,000. Schroder Investment Management Group increased its stake in shares of Gold Fields by 35.6% in the 2nd quarter. Schroder Investment Management Group now owns 1,650,947 shares of the company’s stock worth $8,932,000 after acquiring an additional 433,616 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Gold Fields by 11.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 557,391 shares of the company’s stock worth $3,015,000 after acquiring an additional 56,851 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Gold Fields in the 2nd quarter worth about $2,476,000. 44.19% of the stock is owned by institutional investors and hedge funds.
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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