Insider Buying: Gold Fields (NYSE:GFI) Director Acquires $16,655.00 in Stock

Gold Fields Limited (NYSE:GFI) Director John Fraser Mackenzie purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average cost of $33.31 per share, with a total value of $16,655.00. Following the completion of the acquisition, the director directly owned 500 shares of the company’s stock, valued at $16,655. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Gold Fields Trading Down 5.4%

NYSE:GFI traded down $1.80 during mid-day trading on Wednesday, reaching $31.80. 2,179,174 shares of the company were exchanged, compared to its average volume of 3,449,903. Gold Fields Limited has a 12 month low of $22.40 and a 12 month high of $61.64. The company has a fifty day moving average of $41.49 and a 200 day moving average of $46.18. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On Gold Fields

Hedge funds and other institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new position in shares of Gold Fields in the 1st quarter valued at $25,000. CIBC Private Wealth Group LLC grew its stake in shares of Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after purchasing an additional 273 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Gold Fields during the third quarter worth $45,000. Bayforest Capital Ltd increased its holdings in Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after purchasing an additional 996 shares during the last quarter. Finally, Arax Advisory Partners lifted its stake in Gold Fields by 352.6% in the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock valued at $50,000 after buying an additional 885 shares during the period. 24.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on GFI shares. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and raised their price target for the company from $40.25 to $57.25 in a report on Friday, April 24th. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Wall Street Zen cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Scotiabank dropped their target price on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Gold Fields presently has an average rating of “Hold” and an average target price of $49.75.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.