Gold Fields Ltd. (GFI) Stock Price Down 3.6%
Gold Fields Ltd. (NYSE:GFI) shares fell 3.6% on Wednesday . The stock traded as low as $6.07 and last traded at $6.09, with a volume of 2,675,870 shares traded. The stock had previously closed at $6.32.
Several research firms recently weighed in on GFI. Zacks Investment Research upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research report on Monday, July 18th. JPMorgan Chase & Co. upgraded shares of Gold Fields from an “underweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. upgraded shares of Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 price objective on the stock in a research report on Friday, July 8th. Finally, Royal Bank Of Canada upgraded shares of Gold Fields from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $4.08 to $4.39 in a research report on Wednesday, June 22nd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$4.50.
The company’s 50-day moving average price is $5.87 and its 200 day moving average price is $4.54. The firm’s market cap is $4.85 billion.
A hedge fund recently raised its stake in Gold Fields stock. Schroder Investment Management Group increased its position in shares of Gold Fields Ltd. (NYSE:GFI) by 3,665.1% during the fourth quarter, according to its most recent 13F filing with the 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 about 0.26% of Gold Fields worth $5,528,000 as of its most recent filing with the SEC.
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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