Gold Fields Limited (NYSE:GFI - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $13.79, but opened at $13.37. Gold Fields shares last traded at $13.22, with a volume of 640,147 shares traded.
Analyst Upgrades and Downgrades
GFI has been the topic of several analyst reports. Bank of America initiated coverage on Gold Fields in a research report on Monday, September 16th. They issued a "buy" rating and a $16.00 price objective on the stock. Investec raised Gold Fields from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. decreased their target price on Gold Fields from $18.00 to $17.10 and set a "neutral" rating for the company in a research report on Friday, December 6th. Scotiabank reduced their price target on shares of Gold Fields from $18.00 to $17.00 and set a "sector perform" rating for the company in a research note on Monday, August 26th. Finally, StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $16.03.
View Our Latest Analysis on GFI
Gold Fields Trading Down 2.9 %
The stock has a 50 day simple moving average of $15.33 and a 200-day simple moving average of $15.33. The firm has a market capitalization of $11.98 billion, a P/E ratio of 6.35, a P/E/G ratio of 0.43 and a beta of 1.13.
Institutional Investors Weigh In On Gold Fields
A number of hedge funds have recently modified their holdings of the business. LGT Fund Management Co Ltd. purchased a new stake in Gold Fields in the 2nd quarter worth approximately $149,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Gold Fields in the second quarter worth $153,000. QRG Capital Management Inc. purchased a new stake in shares of Gold Fields in the third quarter worth $160,000. Candriam S.C.A. bought a new stake in shares of Gold Fields during the 2nd quarter valued at $189,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Gold Fields during the 3rd quarter valued at $209,000. Institutional investors own 24.81% of the company's stock.
Gold Fields Company Profile
(
Get Free Report)
Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.
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