Gold Fields (NYSE:GFI) Shares Gap Down to $7.67

Gold Fields Limited (NYSE:GFIGet Rating) shares gapped down before the market opened on Friday . The stock had previously closed at $7.67, but opened at $7.27. Gold Fields shares last traded at $7.34, with a volume of 169,130 shares traded.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Wednesday. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, July 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.77.

Gold Fields Stock Down 6.8 %

The business’s 50 day simple moving average is $8.63 and its 200-day simple moving average is $11.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 2.22.

Gold Fields Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 29th. Investors of record on Friday, September 16th will be issued a $0.172 dividend. This represents a yield of 3.4%. The ex-dividend date of this dividend is Thursday, September 15th.

Hedge Funds Weigh In On Gold Fields

Several large investors have recently bought and sold shares of GFI. Captrust Financial Advisors raised its holdings in Gold Fields by 100.8% during the second quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock worth $25,000 after purchasing an additional 1,376 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in Gold Fields by 488.9% during the first quarter. JFS Wealth Advisors LLC now owns 2,179 shares of the company’s stock valued at $34,000 after buying an additional 1,809 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Gold Fields in the 2nd quarter valued at about $35,000. Optimum Investment Advisors bought a new position in shares of Gold Fields during the 4th quarter valued at about $44,000. Finally, Chiron Investment Management LLC acquired a new position in shares of Gold Fields in the 1st quarter worth approximately $68,000. Institutional investors and hedge funds own 26.34% of the company’s stock.

Gold Fields Company Profile

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Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces.

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