Gold Fields Ltd. (NYSE:GFI)’s share price hit a new 52-week high during trading on Friday. The company traded as high as $5.21 and last traded at $5.15, with a volume of 2,609,226 shares. The stock had previously closed at $4.90.
GFI has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Gold Fields from a “sell” rating to a “buy” rating and set a $4.50 price target on the stock in a report on Tuesday, April 26th. Macquarie lowered shares of Gold Fields from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 15th.
Goldman Sachs Group Inc. upgraded shares of Gold Fields from a “sell” rating to a “neutral” rating in a report on Monday, June 27th. Finally, Royal Bank Of Canada upgraded shares of Gold Fields from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $4.08 to $4.39 in a report on Wednesday, June 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$3.79.
The company’s market capitalisation is $4.02 billion. The firm’s 50 day moving average is $4.20 and its 200-day moving average is $3.86.
Several institutional investors recently modified their holdings of GFI. Schroder Investment Management Group raised its position in shares of Gold Fields by 3,665.1% in the fourth quarter. Schroder Investment Management Group now owns 1,995,500 shares of the company’s stock worth $5,528,000 after buying an additional 1,942,500 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Gold Fields by 620.0% in the fourth quarter. Gabelli Funds LLC now owns 720,000 shares of the company’s stock worth $1,994,000 after buying an additional 620,000 shares during the last quarter.
Oxford Asset Management bought a new position in shares of Gold Fields during the fourth quarter worth approximately $1,266,000. GAM Holding AG raised its position in shares of Gold Fields by 23.5% in the fourth quarter. GAM Holding AG now owns 2,301,555 shares of the company’s stock worth $6,374,000 after buying an additional 438,010 shares during the last quarter. Finally, Alps Advisors Inc. raised its position in shares of Gold Fields by 33.1% in the fourth quarter. Alps Advisors Inc. now owns 1,410,465 shares of the company’s stock worth $3,907,000 after buying an additional 350,466 shares during the last quarter.
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.
Source: Tickerreport.com
