Gold Fields Ltd. (NYSE:GFI) shares dropped 3.9% on Wednesday . The company traded as low as $5.64 and last traded at $5.65, with a volume of 5,652,172 shares changing hands. The stock had previously closed at $5.88.

GFI has been the topic of a number of recent analyst reports. Goldman Sachs Group Inc. lowered shares of Gold Fields from a “neutral” rating to a “sell” rating in a research report on Thursday, March 24th. Zacks Investment Research lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Royal Bank Of Canada raised shares of Gold Fields from a “sector perform” rating to an “outperform” rating and raised their price target 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, JPMorgan Chase & Co. raised shares of Gold Fields from an “underweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of C$4.50.

The company’s market cap is $4.33 billion. The company has a 50 day moving average of $4.76 and a 200 day moving average of $4.11.

Several hedge funds and institutional investors have bought and sold shares of GFI. Oxford Asset Management acquired a new position in Gold Fields during the fourth quarter worth $1,266,000. Gabelli Funds LLC increased 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 worth $1,994,000 after buying an additional 620,000 shares in the last quarter. Schroder Investment Management Group increased 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 worth $5,528,000 after buying an additional 1,942,500 shares in the last quarter. GAM Holding AG increased its stake in shares of Gold Fields by 23.5% in the fourth quarter. GAM Holding AG now owns 2,301,555 shares of the company’s stock worth $6,374,000 after buying an additional 438,010 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Gold Fields by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 34,584,396 shares of the company’s stock worth $95,796,000 after buying an additional 732,574 shares in the last quarter.

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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