Gold Fields (NYSE:GFI) Shares Up 1.2%

Gold Fields Limited (NYSE:GFI – Get 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.

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