Gold Fields Ltd. (NYSE:GFI)’s share price 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. The stock had previously closed at $5.88.

GFI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Gold Fields from a “sell” rating to a “buy” rating and set a $4.50 target price for the company in a research note on Tuesday, April 26th. Goldman Sachs Group Inc. raised shares of Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 target price for the company in a research note on Friday, July 8th. JPMorgan Chase & Co. upgraded shares of Gold Fields from an “underweight” rating to a “neutral” rating in a research note on Tuesday, July 12th. Finally, Royal Bank Of Canada upgraded shares of Gold Fields from a “sector perform” rating to an “outperform” rating and increased their price objective 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$4.50.

The stock’s market capitalization is $4.59 billion. The stock’s 50 day moving average is $4.88 and its 200 day moving average is $4.13.

A number of institutional investors have recently made changes to their positions in the company. Gabelli Funds LLC increased its position 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 position 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 position 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 position 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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