Gold Fields Limited (NYSE:GFI)’s share price gapped up prior to trading on Friday . The stock had previously closed at $3.69, but opened at $3.81. Gold Fields shares last traded at $3.90, with a volume of 3036217 shares traded.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a report on Tuesday, January 9th. Royal Bank of Canada upgraded shares of Gold Fields from an “underperform” rating to a “sector perform” rating in a report on Tuesday. HSBC upgraded shares of Gold Fields from a “reduce” rating to a “hold” rating in a report on Friday, January 19th. Finally, Morgan Stanley upgraded shares of Gold Fields from an “underweight” rating to an “equal weight” rating in a report on Tuesday, March 20th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $4.75.
The company has a market cap of $3,154.69, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.96 and a beta of -0.85.
A number of institutional investors and hedge funds have recently made changes to their positions in GFI. Donald Smith & CO. Inc. purchased a new stake in Gold Fields during the 4th quarter valued at $61,294,000. Renaissance Technologies LLC raised its stake in Gold Fields by 34.8% during the 4th quarter. Renaissance Technologies LLC now owns 13,698,200 shares of the company’s stock valued at $58,902,000 after buying an additional 3,537,400 shares during the last quarter. Deutsche Bank AG raised its stake in Gold Fields by 932.7% during the 4th quarter. Deutsche Bank AG now owns 3,751,005 shares of the company’s stock valued at $16,128,000 after buying an additional 3,387,790 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Gold Fields by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 36,205,793 shares of the company’s stock valued at $156,047,000 after buying an additional 1,577,860 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Gold Fields during the 4th quarter valued at $6,653,000. Institutional investors and hedge funds own 33.79% of the company’s stock.
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Gold Fields Company Profile
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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