Insider Buying: Gold Fields (NYSE:GFI) Director Buys $16,655.00 in Stock

Gold Fields Limited (NYSE:GFI) Director John Fraser Mackenzie bought 500 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average price of $33.31 per share, for a total transaction of $16,655.00. Following the completion of the transaction, the director owned 500 shares in the company, valued at approximately $16,655. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Gold Fields Trading Up 2.1%

Shares of NYSE GFI opened at $33.52 on Friday. Gold Fields Limited has a 1 year low of $22.40 and a 1 year high of $61.64. The firm’s 50-day moving average is $40.52 and its 200-day moving average is $45.95. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GFI. Scotiabank dropped their target price on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Canaccord Genuity Group upgraded 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 report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $49.75.

Hedge Funds Weigh In On Gold Fields

Several institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in Gold Fields by 4.5% during the 1st quarter. Blue Trust Inc. now owns 4,957 shares of the company’s stock worth $225,000 after buying an additional 215 shares during the period. Manning & Napier Advisors LLC grew its stake in Gold Fields by 0.3% in the first quarter. Manning & Napier Advisors LLC now owns 79,680 shares of the company’s stock valued at $3,617,000 after acquiring an additional 241 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Gold Fields by 1.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,003 shares of the company’s stock valued at $786,000 after acquiring an additional 251 shares during the period. Harbour Capital Advisors LLC increased its holdings in shares of Gold Fields by 0.5% in the fourth quarter. Harbour Capital Advisors LLC now owns 50,525 shares of the company’s stock worth $2,201,000 after acquiring an additional 265 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of Gold Fields by 3.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,751 shares of the company’s stock worth $338,000 after acquiring an additional 269 shares in the last quarter. Institutional investors and hedge funds 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.