Gold Fields (GFI) Shares Gap Down to $3.73

Gold Fields Limited (NYSE:GFI) gapped down prior to trading on Thursday . The stock had previously closed at $3.81, but opened at $3.73. Gold Fields shares last traded at $3.61, with a volume of 3121282 shares trading hands.

A number of research firms have issued reports on GFI. Zacks Investment Research cut Gold Fields from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine cut Gold Fields from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. BMO Capital Markets set a $3.00 target price on Gold Fields and gave the company a “sell” rating in a research note on Sunday, December 16th. Finally, Royal Bank of Canada upgraded Gold Fields from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Gold Fields currently has a consensus rating of “Hold” and a consensus target price of $4.61.

The company has a market cap of $3.06 billion, a price-to-earnings ratio of 15.38 and a beta of -1.29.



Hedge funds and other institutional investors have recently modified their holdings of the stock. Schroder Investment Management Group raised its stake in shares of Gold Fields by 15.4% during the second quarter. Schroder Investment Management Group now owns 1,322,505 shares of the company’s stock valued at $4,669,000 after purchasing an additional 176,305 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Gold Fields by 446.2% during the second quarter. Jane Street Group LLC now owns 1,257,181 shares of the company’s stock valued at $4,488,000 after purchasing an additional 1,027,015 shares in the last quarter. Northern Trust Corp raised its stake in shares of Gold Fields by 9.5% during the second quarter. Northern Trust Corp now owns 497,700 shares of the company’s stock valued at $1,776,000 after purchasing an additional 43,357 shares in the last quarter. Donald Smith & CO. Inc. raised its stake in shares of Gold Fields by 37.1% during the third quarter. Donald Smith & CO. Inc. now owns 31,183,692 shares of the company’s stock valued at $75,465,000 after purchasing an additional 8,446,756 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Gold Fields by 46.5% during the third quarter. SG Americas Securities LLC now owns 512,667 shares of the company’s stock valued at $1,241,000 after purchasing an additional 162,682 shares in the last quarter. Institutional investors and hedge funds own 38.30% of the company’s stock.

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Gold Fields Company Profile (NYSE:GFI)

Gold Fields Limited produces gold and holds gold reserves and resources in South Africa, Ghana, Australia, and Peru. The company engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. It holds interests in seven 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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