Zacks Investment Research lowered shares of Gold Fields Limited (NYSE:GFI) from a hold rating to a sell rating in a research report sent to investors on Tuesday.
According to Zacks, “Gold Fields Limited is one of the world’s largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia. “
A number of other equities analysts have also commented on the company. BidaskClub raised Gold Fields Limited from a sell rating to a hold rating in a research note on Saturday, June 24th. Goldman Sachs Group, Inc. (The) raised Gold Fields Limited from a sell rating to a neutral rating and reduced their price objective for the stock from $3.44 to $3.41 in a research note on Thursday, June 29th. HSBC Holdings plc lowered Gold Fields Limited from a hold rating to a reduce rating in a research note on Wednesday, April 26th. Finally, Royal Bank Of Canada lowered Gold Fields Limited from a sector perform rating to an underperform rating in a research note on Monday, April 24th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Gold Fields Limited currently has a consensus rating of Hold and an average price target of $3.71.
Shares of Gold Fields Limited (GFI) traded up 0.25% during midday trading on Tuesday, reaching $3.99. The company’s stock had a trading volume of 3,976,781 shares. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 19.95 and a beta of -1.03. Gold Fields Limited has a 52-week low of $2.60 and a 52-week high of $6.60. The stock has a 50 day moving average price of $3.66 and a 200-day moving average price of $3.55.
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Institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Gold Fields Limited by 1,114.7% in the first quarter. BlackRock Inc. now owns 57,107,933 shares of the company’s stock worth $201,591,000 after buying an additional 52,406,572 shares in the last quarter. Majedie Asset Management Ltd raised its position in Gold Fields Limited by 401.1% in the second quarter. Majedie Asset Management Ltd now owns 23,183,035 shares of the company’s stock worth $80,677,000 after buying an additional 18,557,035 shares in the last quarter. Van ECK Associates Corp raised its position in Gold Fields Limited by 17.4% in the first quarter. Van ECK Associates Corp now owns 57,569,105 shares of the company’s stock worth $203,219,000 after buying an additional 8,520,711 shares in the last quarter. Credit Agricole S A acquired a new position in Gold Fields Limited during the first quarter worth approximately $5,080,000. Finally, BNP Paribas Arbitrage SA raised its position in Gold Fields Limited by 365.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,075,510 shares of the company’s stock worth $3,743,000 after buying an additional 844,609 shares in the last quarter. 32.85% of the stock is currently owned by institutional investors.
About Gold Fields Limited
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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