Gold Fields Limited (NYSE:GFI – Get Free Report) Director Jacqueline Elizabeth Mcgill purchased 500 shares of Gold Fields stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average price of $37.70 per share, for a total transaction of $18,850.00. Following the acquisition, the director owned 500 shares in the company, valued at $18,850. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Gold Fields Price Performance
GFI stock opened at $39.15 on Friday. Gold Fields Limited has a 12-month low of $22.40 and a 12-month high of $61.64. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. The stock’s 50 day simple moving average is $43.85 and its 200 day simple moving average is $46.56.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on GFI shares. Scotiabank lowered their price objective on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, March 20th. Weiss Ratings cut Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and upped their price objective for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Wall Street Zen cut Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Gold Fields has a consensus rating of “Hold” and a consensus price target of $49.75.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in GFI. Thrivent Financial for Lutherans bought a new position in shares of Gold Fields in the 3rd quarter valued at about $4,314,000. Cibc World Market Inc. lifted its holdings in shares of Gold Fields by 1,180.0% in the 3rd quarter. Cibc World Market Inc. now owns 159,101 shares of the company’s stock valued at $6,676,000 after acquiring an additional 146,671 shares during the last quarter. AdvisorShares Investments LLC bought a new position in shares of Gold Fields in the 3rd quarter valued at about $1,889,000. Dorsey Wright & Associates bought a new position in shares of Gold Fields in the 3rd quarter valued at about $2,758,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in Gold Fields by 43.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock worth $10,698,000 after purchasing an additional 74,539 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.
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.
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