Gold Fields (NYSE:GFI) Shares Up 1.2%

Gold Fields Limited (NYSE:GFIGet Rating)’s stock price shot up 1.2% during mid-day trading on Thursday . The company traded as high as $9.54 and last traded at $9.54. 244,745 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 9,256,104 shares. The stock had previously closed at $9.43.

GFI has been the topic of a number of recent research reports. BMO Capital Markets cut Gold Fields from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a research report on Thursday, March 17th. Investec raised Gold Fields from a “sell” rating to a “hold” rating in a research report on Tuesday, March 1st. UBS Group initiated coverage on Gold Fields in a research report on Monday, March 21st. They set a “sell” rating on the stock. StockNews.com cut Gold Fields from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Finally, JPMorgan Chase & Co. lowered Gold Fields from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $15.50 to $15.30 in a research note on Monday, April 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.77.

The stock has a 50 day simple moving average of $12.25 and a 200-day simple moving average of $12.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 1.73.

Several institutional investors have recently bought and sold shares of GFI. Citigroup Inc. grew its holdings in shares of Gold Fields by 940.0% in the fourth quarter. Citigroup Inc. now owns 587,631 shares of the company’s stock worth $6,458,000 after acquiring an additional 531,126 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Gold Fields during the fourth quarter valued at about $17,474,000. Yousif Capital Management LLC purchased a new position in shares of Gold Fields in the fourth quarter valued at about $151,000. Atlas Capital Advisors LLC lifted its position in shares of Gold Fields by 130.1% in the fourth quarter. Atlas Capital Advisors LLC now owns 5,578 shares of the company’s stock valued at $61,000 after acquiring an additional 3,154 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new position in shares of Gold Fields in the third quarter valued at about $1,476,000. 32.16% of the stock is owned by institutional investors and hedge funds.

Gold Fields Company Profile (NYSE:GFI)

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.

See Also

Want More Great Investing Ideas?

Receive News & Ratings for Gold Fields Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields and related companies with MarketBeat.com's FREE daily email newsletter.