Gold Fields Limited (GFI) Shares Gap Up to $4.45
Gold Fields Limited (NYSE:GFI)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $4.36, but opened at $4.45. Gold Fields Limited shares last traded at $4.67, with a volume of 5,324,407 shares.
A number of equities analysts recently issued reports on GFI shares. Zacks Investment Research raised Gold Fields Limited from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. BidaskClub lowered Gold Fields Limited from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Finally, Goldman Sachs Group, Inc. (The) raised Gold Fields Limited from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $3.44 to $3.41 in a report on Thursday, June 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $3.71.
The stock has a 50-day moving average price of $4.11 and a 200 day moving average price of $3.68. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 37.69 and a beta of -1.04.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 8th will be issued a dividend of $0.0303 per share. This represents a yield of 1.4%. The ex-dividend date is Thursday, September 7th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. U S Global Investors Inc. grew its holdings in Gold Fields Limited by 74.3% during the 2nd quarter. U S Global Investors Inc. now owns 26,148 shares of the company’s stock worth $104,000 after acquiring an additional 11,148 shares during the period. Creative Planning grew its holdings in Gold Fields Limited by 511.5% during the 1st quarter. Creative Planning now owns 34,245 shares of the company’s stock worth $121,000 after acquiring an additional 28,645 shares during the period. Global X Management Co. LLC grew its holdings in Gold Fields Limited by 1.5% during the 2nd quarter. Global X Management Co. LLC now owns 36,933 shares of the company’s stock worth $129,000 after acquiring an additional 542 shares during the period. Virtu Financial LLC acquired a new stake in Gold Fields Limited during the 2nd quarter worth $136,000. Finally, Trust Co. of Vermont grew its holdings in Gold Fields Limited by 209.0% during the 2nd quarter. Trust Co. of Vermont now owns 41,400 shares of the company’s stock worth $144,000 after acquiring an additional 28,000 shares during the period. 34.04% of the stock is owned by hedge funds and other institutional investors.
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About Gold Fields Limited
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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