Gold Fields Ltd. (GFI) Sets New 1-Year High at $6.30
Gold Fields Ltd. (NYSE:GFI) reached a new 52-week high during trading on Thursday . The stock traded as high as $6.30 and last traded at $6.25, with a volume of 3,112,284 shares changing hands. The stock had previously closed at $6.20.
A number of brokerages have recently issued reports on GFI. Zacks Investment Research raised shares of Gold Fields from a “sell” rating to a “buy” rating and set a $4.50 price target on the stock in a 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 price target 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. Goldman Sachs Group Inc. raised shares of Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 price target on the stock in a report on Friday, July 8th. Finally, JPMorgan Chase & Co. raised shares of 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’s stock. Gold Fields has an average rating of “Hold” and an average target price of C$4.50.
The firm has a 50-day moving average of $5.08 and a 200-day moving average of $4.22. The company’s market cap is $4.84 billion.
Other large investors have added to or reduced their stakes in the company. 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 valued at $1,994,000 after buying an additional 620,000 shares during the last quarter. 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 in the last quarter. Finally, 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 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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