Gold Fields Ltd. (NYSE:GFI) was down 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. The stock had previously closed at $6.39.

A number of equities research analysts have recently weighed in on GFI shares. Zacks Investment Research raised Gold Fields from a “sell” rating to a “buy” rating and set a $4.50 price target for the company in a research note on Tuesday, April 26th. Royal Bank Of Canada raised Gold Fields from a “sector perform” rating to an “outperform” rating and raised their price target 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. Goldman Sachs Group Inc. raised Gold Fields from a “sell” rating to a “neutral” rating in a research note on Monday, June 27th. Finally, JPMorgan Chase & Co. raised Gold Fields from an “underweight” rating to a “neutral” rating in a research note on Tuesday, July 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Gold Fields presently has an average rating of “Hold” and an average target price of C$4.50.

The company’s market cap is $4.85 billion. The company’s 50-day moving average price is $5.42 and its 200 day moving average price is $4.35.

A number of hedge funds have added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised 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 valued at $95,796,000 after buying an additional 732,574 shares in the last quarter. Schroder Investment Management Group raised 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 valued at $5,528,000 after buying an additional 1,942,500 shares in the last quarter. Finally, Gabelli Funds LLC raised 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 valued at $1,994,000 after buying an additional 620,000 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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