Gold Fields Ltd. (NYSE:GFI) shares shot up 2.1% during trading on Tuesday . The stock traded as high as $5.37 and last traded at $5.29, with a volume of 3,668,872 shares. The stock had previously closed at $5.18.

Several brokerages have commented on GFI. Zacks Investment Research downgraded Gold Fields from a “hold” rating to a “sell” rating in a research note on Tuesday. Goldman Sachs Group Inc. raised Gold Fields from a “sell” rating to a “neutral” rating in a research note on Monday, June 27th. Royal Bank Of Canada raised Gold Fields from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $4.08 to $4.39 in a research note on Wednesday, June 22nd. They noted that the move was a valuation call. Finally, Macquarie downgraded Gold Fields from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$3.79.

The stock’s market capitalization is $4.26 billion. The stock’s 50-day moving average is $4.26 and its 200-day moving average is $3.92.

A number of large investors have recently made changes to their positions in GFI. Oxford Asset Management purchased a new stake in shares of Gold Fields during the fourth quarter valued at $1,266,000. Gabelli Funds LLC raised its stake in shares of Gold Fields by 620.0% in the fourth quarter. Gabelli Funds LLC now owns 720,000 shares of the company’s stock valued at $1,994,000 after buying an additional 620,000 shares during the period. Alps Advisors Inc. raised its stake in shares of Gold Fields by 33.1% in the fourth quarter. Alps Advisors Inc. now owns 1,410,465 shares of the company’s stock valued at $3,907,000 after buying an additional 350,466 shares during the period. Schroder Investment Management Group raised its stake in shares of Gold Fields by 3,665.1% in the fourth quarter. Schroder Investment Management Group now owns 1,995,500 shares of the company’s stock valued at $5,528,000 after buying an additional 1,942,500 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Gold Fields by 12.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 2,276,586 shares of the company’s stock valued at $6,306,000 after buying an additional 256,791 shares during the period.

Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.

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