Gold Fields Ltd. (GFI) Stock Price Up 4.5%
Gold Fields Ltd. (NYSE:GFI) rose 4.5% during mid-day trading on Thursday . The stock traded as high as $6.51 and last traded at $6.46, with a volume of 2,292,718 shares. The stock had previously closed at $6.18.
GFI has been the topic of several research analyst reports. Goldman Sachs Group Inc. upgraded shares of Gold Fields from a “sell” rating to a “neutral” rating in a research note on Monday, June 27th. Zacks Investment Research downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. 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 raised 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Gold Fields has an average rating of “Hold” and an average target price of C$4.50.
The firm’s market cap is $4.99 billion. The firm has a 50 day moving average price of $5.36 and a 200-day moving average price of $4.34.
Other large investors recently made changes to their positions in the company. Gabelli Funds LLC boosted 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 boosted 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. Finally, Dimensional Fund Advisors LP boosted 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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