Gold Fields Limited (NYSE:GFI – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $45.45, but opened at $48.09. Gold Fields shares last traded at $48.02, with a volume of 1,110,245 shares traded.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Scotiabank reduced their target price on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and increased their price target for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Royal Bank Of Canada lowered their price target on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Finally, Weiss Ratings cut shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gold Fields presently has an average rating of “Hold” and an average price target of $47.75.
Check Out Our Latest Analysis on GFI
Gold Fields Trading Up 4.9%
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. 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 valued at $10,698,000 after buying an additional 74,539 shares in the last quarter. Crescent Grove Advisors LLC bought a new stake in shares of Gold Fields during the first quarter worth $1,795,000. Bank of America Corp DE raised its holdings in shares of Gold Fields by 32.1% during the first quarter. Bank of America Corp DE now owns 771,791 shares of the company’s stock worth $35,039,000 after acquiring an additional 187,755 shares during the period. Sigma Planning Corp lifted its position in Gold Fields by 203.7% in the 4th quarter. Sigma Planning Corp now owns 55,407 shares of the company’s stock valued at $2,419,000 after acquiring an additional 37,161 shares in the last quarter. Finally, Euro Pacific Asset Management LLC lifted its position in Gold Fields by 371.9% in the 1st quarter. Euro Pacific Asset Management LLC now owns 64,497 shares of the company’s stock valued at $3,117,000 after acquiring an additional 50,830 shares in the last quarter. Institutional investors own 24.81% of the company’s stock.
About Gold Fields
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.
See Also
- Five stocks we like better than Gold Fields
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
- Meta Platform’s Legal Issues Could Become Much More Than A Q2 Earnings Headache
- Marvell Constructs an AI Moat With Alphabet Warrants
- Microsoft’s Sell-Off May Be a Gift, Not a Warning
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.
