John Fraser Mackenzie Purchases 500 Shares of Gold Fields (NYSE:GFI) Stock

Gold Fields Limited (NYSE:GFI) Director John Fraser Mackenzie bought 500 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average cost of $33.31 per share, for a total transaction of $16,655.00. Following the completion of the purchase, the director directly owned 500 shares in the company, valued at approximately $16,655. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gold Fields Stock Performance

Shares of Gold Fields stock opened at $32.77 on Friday. The business’s 50 day moving average price is $40.80 and its 200 day moving average price is $46.04. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a one year low of $22.40 and a one year high of $61.64.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Scotiabank dropped their price objective on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings lowered shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and increased their price target for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Finally, Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $49.75.

Institutional Trading of Gold Fields

A number of hedge funds and other institutional investors have recently modified their holdings of GFI. V Square Quantitative Management LLC purchased a new stake in Gold Fields in the 1st quarter valued at about $25,000. CIBC Private Wealth Group LLC boosted its stake in Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after buying an additional 273 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Gold Fields during the third quarter valued at about $45,000. Bayforest Capital Ltd increased its position in shares of Gold Fields by 1,106.7% during the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after acquiring an additional 996 shares during the last quarter. Finally, Arax Advisory Partners raised its stake in shares of Gold Fields by 352.6% in the 4th quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock valued at $50,000 after acquiring an additional 885 shares during the period. 24.81% of the stock is owned by institutional investors and hedge funds.

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.