Gold Fields Ltd. (GFI) Reaches New 52-Week High at $6.59
Gold Fields Ltd. (NYSE:GFI) reached a new 52-week high on Wednesday . The company traded as high as $6.59 and last traded at $6.48, with a volume of 2,382,531 shares. The stock had previously closed at $6.35.
A number of equities research analysts have recently weighed in on GFI shares. Goldman Sachs Group Inc. raised Gold Fields from a “sell” rating to a “neutral” rating in a research note on Monday, June 27th. Zacks Investment Research downgraded Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. JPMorgan Chase & Co. raised Gold Fields from an “underweight” rating to a “neutral” rating in a research note on Tuesday, July 12th. Finally, 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$4.50.
The firm’s 50-day moving average price is $5.59 and its 200 day moving average price is $4.43. The company’s market cap is $5.02 billion.
A hedge fund recently raised its stake in Gold Fields stock. Schroder Investment Management Group increased its position in Gold Fields Ltd. (NYSE:GFI) by 3,665.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund 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 about 0.26% of Gold Fields worth $5,528,000 at the end of the most recent reporting period.
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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