Shares of Gold Fields Ltd. (NYSE:GFI) hit a new 52-week high during trading on Wednesday . The company traded as high as $6.59 and last traded at $6.48, with a volume of 2,382,531 shares trading hands. The stock had previously closed at $6.35.

A number of analysts recently commented on GFI shares. Royal Bank Of Canada raised Gold Fields from a “sector perform” rating to an “outperform” rating and boosted 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. Zacks Investment Research raised Gold Fields from a “sell” rating to a “buy” rating and set a $6.25 target price for the company in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. raised Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 target price for the company in a research report on Friday, July 8th. Finally, JPMorgan Chase & Co. raised Gold Fields from an “underweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$4.50.

The stock’s 50-day moving average price is $5.72 and its 200-day moving average price is $4.46. The company’s market capitalization is $5.02 billion.

An institutional investor recently raised its position in Gold Fields stock. Schroder Investment Management Group boosted its position in Gold Fields Ltd. (NYSE:GFI) by 3,665.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,995,500 shares of the company’s stock after buying an additional 1,942,500 shares during the period. Schroder Investment Management Group owned approximately 0.26% of Gold Fields worth $5,528,000 as of its most recent SEC filing.

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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