Gold Fields Limited (NYSE:GFI) was upgraded by equities research analysts at Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating in a note issued to investors on Thursday, June 29th, MarketBeat reports. The firm currently has a $3.41 target price on the stock, down from their previous target price of $3.44. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential downside of 15.59% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Gold Fields Limited from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a report on Tuesday, June 27th. BidaskClub upgraded Gold Fields Limited from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, HSBC Holdings plc cut Gold Fields Limited from a “hold” rating to a “reduce” rating in a research note on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $3.71.
Shares of Gold Fields Limited (GFI) traded up 4.94% during mid-day trading on Thursday, reaching $4.04. 5,023,422 shares of the company were exchanged. The firm has a 50-day moving average price of $3.64 and a 200 day moving average price of $3.54. The stock has a market capitalization of $3.32 billion, a P/E ratio of 20.20 and a beta of -1.06. Gold Fields Limited has a 12 month low of $2.60 and a 12 month high of $6.60.
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Several hedge funds and other institutional investors have recently bought and sold shares of GFI. Russell Investments Group Ltd. purchased a new stake in shares of Gold Fields Limited during the fourth quarter valued at about $3,479,000. Comerica Bank raised its stake in shares of Gold Fields Limited by 18.6% in the fourth quarter. Comerica Bank now owns 47,091 shares of the company’s stock valued at $162,000 after buying an additional 7,382 shares in the last quarter. A.R.T. Advisors LLC raised its stake in shares of Gold Fields Limited by 1,154.3% in the fourth quarter. A.R.T. Advisors LLC now owns 235,800 shares of the company’s stock valued at $709,000 after buying an additional 217,000 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Gold Fields Limited by 414.5% in the fourth quarter. Two Sigma Investments LP now owns 1,665,413 shares of the company’s stock valued at $5,013,000 after buying an additional 1,341,694 shares in the last quarter. Finally, Tudor Investment Corp Et Al raised its stake in shares of Gold Fields Limited by 237.7% in the fourth quarter. Tudor Investment Corp Et Al now owns 65,032 shares of the company’s stock valued at $196,000 after buying an additional 45,772 shares in the last quarter. Institutional investors own 33.28% of the company’s stock.
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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