Gold Fields Ltd. (GFI) Trading Up 3.1%
Gold Fields Ltd. (NYSE:GFI) shares were up 3.1% during mid-day trading on Wednesday . The company traded as high as $6.10 and last traded at $5.99, with a volume of 2,879,972 shares trading hands. The stock had previously closed at $5.81.
A number of brokerages recently weighed in on GFI. Goldman Sachs Group Inc. raised Gold Fields from a “sell” rating to a “neutral” rating in a report on Monday, June 27th. Zacks Investment Research lowered Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, July 15th. JPMorgan Chase & Co. raised Gold Fields from an “underweight” rating to a “neutral” rating in a report on Tuesday, July 12th. Finally, Royal Bank Of Canada raised Gold Fields from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $4.08 to $4.39 in a report on Wednesday, June 22nd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Gold Fields currently has an average rating of “Hold” and an average target price of C$4.50.
The stock’s market cap is $4.87 billion. The firm’s 50 day moving average is $5.14 and its 200-day moving average is $4.24.
Several hedge funds recently made changes to their positions in GFI. 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 valued at $1,994,000 after buying an additional 620,000 shares during the period. 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 valued at $5,528,000 after buying an additional 1,942,500 shares during the period. 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 valued at $95,796,000 after buying an additional 732,574 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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