Gold Fields Ltd. (GFI) Shares Up 3.2%
Gold Fields Ltd. (NYSE:GFI) shot up 3.2% during mid-day trading on Thursday . The company traded as high as $6.48 and last traded at $6.44, with a volume of 2,420,009 shares trading hands. The stock had previously closed at $6.24.
A number of research firms have recently issued reports on GFI. Zacks Investment Research lowered Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. Goldman Sachs Group Inc. upgraded Gold Fields from a “sell” rating to a “neutral” rating in a research note on Monday, June 27th. JPMorgan Chase & Co. upgraded Gold Fields from an “underweight” rating to a “neutral” rating in a research note on Tuesday, July 12th. Citigroup Inc. reiterated a “sell” rating on shares of Gold Fields in a research note on Thursday. Finally, Royal Bank Of Canada upgraded Gold Fields from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $4.08 to $4.39 in a research note on Wednesday, June 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Gold Fields presently has a consensus rating of “Hold” and an average price target of C$4.50.
The company’s 50-day moving average price is $5.97 and its 200 day moving average price is $4.57. The firm’s market capitalization is $4.99 billion.
An institutional investor recently raised its position in Gold Fields stock. Dimensional Fund Advisors LP boosted its position in shares of Gold Fields Ltd. (NYSE:GFI) by 2.2% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 34,584,396 shares of the company’s stock after buying an additional 732,574 shares during the period. Dimensional Fund Advisors LP owned 4.46% of Gold Fields worth $95,796,000 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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