Gold Fields Limited (NYSE:GFI) shares gapped down before the market opened on Friday . The stock had previously closed at $6.24, but opened at $6.08. Gold Fields shares last traded at $5.79, with a volume of 4,023,663 shares traded.
GFI has been the subject of several analyst reports. Zacks Investment Research lowered Gold Fields from a “hold” rating to a “sell” rating in a research report on Friday, November 15th. ValuEngine downgraded shares of Gold Fields from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada reissued a “sector perform” rating on shares of Gold Fields in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Gold Fields from $6.20 to $6.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Gold Fields has a consensus rating of “Hold” and a consensus price target of $4.64.
The firm’s fifty day moving average price is $5.52 and its 200-day moving average price is $5.32.
A number of institutional investors have recently modified their holdings of GFI. Tower Research Capital LLC TRC lifted its holdings in Gold Fields by 2,832.1% during the third quarter. Tower Research Capital LLC TRC now owns 6,568 shares of the company’s stock worth $32,000 after acquiring an additional 6,344 shares in the last quarter. Brookstone Capital Management acquired a new position in Gold Fields in the third quarter valued at about $53,000. Sicart Associates LLC acquired a new position in Gold Fields in the third quarter valued at about $57,000. Symmetry Partners LLC bought a new stake in shares of Gold Fields in the third quarter worth about $64,000. Finally, Cresset Asset Management LLC bought a new stake in shares of Gold Fields in the second quarter worth about $65,000. 42.25% of the stock is currently owned by institutional investors and hedge funds.
About Gold Fields (NYSE:GFI)
Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.
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