Gold Fields (NYSE:GFI) Shares Gap Down to $6.08

Gold Fields Limited (NYSE:GFI) shares gapped down prior to trading on Friday . The stock had previously closed at $6.24, but opened at $6.08. Gold Fields shares last traded at $5.79, with a volume of 4,023,663 shares traded.

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

The stock’s fifty day simple moving average is $5.52 and its 200-day simple moving average is $5.32.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in shares of Gold Fields by 2,832.1% in the third quarter. Tower Research Capital LLC TRC now owns 6,568 shares of the company’s stock worth $32,000 after acquiring an additional 6,344 shares during the last quarter. Brookstone Capital Management bought a new stake in Gold Fields in the 3rd quarter valued at $53,000. Sicart Associates LLC acquired a new stake in Gold Fields in the 3rd quarter worth $57,000. Symmetry Partners LLC acquired a new stake in Gold Fields in the 3rd quarter worth $64,000. Finally, Cresset Asset Management LLC acquired a new stake in Gold Fields in the 2nd quarter worth $65,000. 42.25% of the stock is currently owned by institutional investors.

Gold Fields Company Profile (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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