Gold Fields (NYSE:GFI) Shares Down 7.9% – Should You Sell?

Gold Fields Limited (NYSE:GFI)’s share price dropped 7.9% during trading on Friday . The stock traded as low as $46.90 and last traded at $46.93. Approximately 1,058,935 shares were traded during trading, a decline of 69% from the average daily volume of 3,396,647 shares. The stock had previously closed at $50.95.

Analyst Ratings Changes

Several brokerages recently issued reports on GFI. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. Scotiabank upped their target price on Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Zacks Research raised Gold Fields from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Citigroup lifted their price target on Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Finally, Royal Bank Of Canada lowered their price target on Gold Fields to $45.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.00.

Gold Fields Stock Performance

The business’s fifty day moving average price is $52.32 and its two-hundred day moving average price is $44.62.

Institutional Trading of Gold Fields

A number of institutional investors and hedge funds have recently made changes to their positions in GFI. Arrowstreet Capital Limited Partnership boosted its stake in shares of Gold Fields by 84.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock worth $131,350,000 after acquiring an additional 2,545,579 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Gold Fields by 69.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock worth $191,407,000 after purchasing an additional 1,794,124 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Gold Fields by 39.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock worth $265,700,000 after purchasing an additional 1,714,442 shares during the period. Man Group plc grew its holdings in Gold Fields by 63.7% during the fourth quarter. Man Group plc now owns 3,650,799 shares of the company’s stock valued at $159,394,000 after purchasing an additional 1,421,121 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Gold Fields by 32.9% during the second quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock valued at $116,443,000 after purchasing an additional 1,217,594 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Company Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.