Gold Fields (NYSE:GFI) Shares Gap Up to $5.68

Gold Fields Limited (NYSE:GFI)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $5.80, but opened at $5.68. Gold Fields shares last traded at $5.89, with a volume of 370,787 shares.

GFI has been the subject of a number of research reports. Zacks Investment Research cut Gold Fields from a “hold” rating to a “sell” rating in a research note on Friday, November 15th. Royal Bank of Canada reissued a “sector perform” rating on shares of Gold Fields in a report on Friday, August 16th. ValuEngine lowered Gold Fields from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lowered their target price on Gold Fields from $6.20 to $6.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Gold Fields currently has an average rating of “Hold” and a consensus price target of $4.64.

The business’s fifty day moving average is $5.50 and its 200-day moving average is $5.29. The firm has a market cap of $4.43 billion, a P/E ratio of 84.71 and a beta of -1.18.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Gold Fields by 49.5% during the 2nd quarter. BlackRock Inc. now owns 46,738,087 shares of the company’s stock worth $252,853,000 after purchasing an additional 15,477,875 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in shares of Gold Fields by 44.7% during the third quarter. Donald Smith & CO. Inc. now owns 37,922,465 shares of the company’s stock valued at $186,579,000 after buying an additional 11,705,956 shares during the period. Millennium Management LLC raised its holdings in shares of Gold Fields by 518.4% during the third quarter. Millennium Management LLC now owns 12,146,466 shares of the company’s stock valued at $59,760,000 after acquiring an additional 10,182,332 shares in the last quarter. Bamco Inc. NY purchased a new stake in Gold Fields in the second quarter worth $30,828,000. Finally, JPMorgan Chase & Co. lifted its stake in Gold Fields by 29,542.5% in the second quarter. JPMorgan Chase & Co. now owns 4,130,084 shares of the company’s stock worth $22,386,000 after acquiring an additional 4,116,151 shares during the period. Hedge funds and other institutional investors own 42.25% of the company’s stock.

About Gold Fields (NYSE:GFI)

Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.

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