Shares of Gold Fields Ltd. (NYSE:GFI) dropped 2.7% on Wednesday . The company traded as low as $6.10 and last traded at $6.22, with a volume of 2,438,618 shares changing hands. The stock had previously closed at $6.39.

GFI has been the subject of a number of recent 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 report on Tuesday, April 26th. Royal Bank Of Canada raised shares of Gold Fields from a “sector perform” rating to an “outperform” rating and increased their target price 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. Goldman Sachs Group Inc. upgraded Gold Fields from a “sell” rating to a “neutral” rating in a report on Monday, June 27th. Finally, JPMorgan Chase & Co. upgraded Gold Fields from an “underweight” rating to a “neutral” rating in a report on Tuesday, July 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Gold Fields currently has a consensus rating of “Hold” and a consensus target price of C$4.50.

The firm’s market cap is $4.80 billion. The stock has a 50-day moving average price of $5.36 and a 200-day moving average price of $4.34.

A number of hedge funds have recently added to or reduced their stakes in GFI. Gabelli Funds LLC increased its stake in 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 during the last quarter. Dimensional Fund Advisors LP increased its stake in 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 during the last quarter. Finally, Schroder Investment Management Group increased its stake in 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 during 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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