Gold Fields (GFI) Shares Gap Down to $3.73

Gold Fields (NYSE:GFI) gapped down prior to trading on Thursday . The stock had previously closed at $3.82, but opened at $3.73. Gold Fields shares last traded at $3.72, with a volume of 1969072 shares traded.

Several research firms recently commented on GFI. Zacks Investment Research downgraded Gold Fields from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. HSBC upgraded Gold Fields from a “reduce” rating to a “hold” rating in a report on Friday, January 19th. JPMorgan Chase reduced their price objective on Gold Fields from $7.06 to $6.31 and set an “overweight” rating for the company in a report on Monday, April 9th. Royal Bank of Canada upgraded Gold Fields from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 3rd. Finally, Morgan Stanley upgraded Gold Fields from an “underweight” rating to an “equal weight” rating in a report on Tuesday, March 20th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $5.35.

The firm has a market capitalization of $3,245.05, a P/E ratio of 15.46, a PEG ratio of 1.88 and a beta of -0.85. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 0.47.

Several institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its stake in shares of Gold Fields by 53.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 56,298 shares of the company’s stock valued at $242,000 after purchasing an additional 19,689 shares during the period. Jefferies Group LLC bought a new stake in shares of Gold Fields during the 4th quarter valued at about $108,000. Quantitative Investment Management LLC bought a new stake in shares of Gold Fields during the 4th quarter valued at about $129,000. First Trust Advisors LP grew its stake in shares of Gold Fields by 152.7% during the 4th quarter. First Trust Advisors LP now owns 56,700 shares of the company’s stock valued at $244,000 after purchasing an additional 34,258 shares during the period. Finally, State Street Corp grew its stake in shares of Gold Fields by 19.2% during the 2nd quarter. State Street Corp now owns 246,860 shares of the company’s stock valued at $859,000 after purchasing an additional 39,717 shares during the period. Institutional investors and hedge funds own 33.67% of the company’s stock.

About Gold Fields

Gold Fields Limited produces gold and holds gold reserves in South Africa, Ghana, Australia, and Peru. It engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. The company holds interests in eight operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as mineral reserves of approximately 48 million ounces and mineral resources of approximately 101 million ounces.

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