Gold Fields Ltd. (GFI) Reaches New 1-Year High at $5.58
Shares of Gold Fields Ltd. (NYSE:GFI) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $5.58 and last traded at $5.57, with a volume of 3,067,034 shares changing hands. The stock had previously closed at $5.34.
Several brokerages have issued reports on GFI. Goldman Sachs Group Inc. raised shares of Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 price target on the stock in a report on Friday. Zacks Investment Research downgraded shares of Gold Fields from a “hold” rating to a “sell” rating in a report on Tuesday. Royal Bank Of Canada raised shares of Gold Fields from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $4.08 to $4.39 in a research report on Wednesday, June 22nd. They noted that the move was a valuation call. Finally, Macquarie lowered shares of Gold Fields from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$4.10.
The company’s market capitalization is $4.36 billion. The company has a 50-day moving average of $4.30 and a 200 day moving average of $3.93.
A number of institutional investors recently added to or reduced their stakes in GFI. Oxford Asset Management bought a new position in Gold Fields during the fourth quarter valued at approximately $1,266,000. Commerzbank Aktiengesellschaft FI raised its position in 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. Alps Advisors Inc. raised its position in 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. Gabelli Funds LLC raised its position in 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. Finally, GAM Holding AG raised its position in Gold Fields by 23.5% in the fourth quarter. GAM Holding AG now owns 2,301,555 shares of the company’s stock valued at $6,374,000 after buying an additional 438,010 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.