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Gold Fields Limited (NYSE:GFI) hit a new 52-week high on Monday . The stock traded as high as $10.91 and last traded at $10.81, with a volume of 108200 shares. The stock had previously closed at $10.47.
GFI has been the subject of a number of recent analyst reports. ValuEngine downgraded Gold Fields from a "hold" rating to a "sell" rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. raised Gold Fields from a "neutral" rating to an "overweight" rating and set a $11.30 price target on the stock in a research note on Monday, June 22nd. Zacks Investment Research cut shares of Gold Fields from a "buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Finally, Bank of America raised shares of Gold Fields from a "neutral" rating to a "buy" rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of "Hold" and a consensus price target of $9.65.
The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 0.61 and a beta of 0.39. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 0.81. The company's fifty day simple moving average is $8.25 and its two-hundred day simple moving average is $6.91.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in shares of Gold Fields in the 4th quarter valued at about $9,538,000. Hexavest Inc. bought a new stake in Gold Fields in the 2nd quarter valued at about $85,000. Anderson Fisher LLC bought a new stake in Gold Fields in the 1st quarter valued at about $52,000. Teacher Retirement System of Texas bought a new stake in Gold Fields in the 1st quarter valued at about $58,000. Finally, Claro Advisors LLC lifted its position in Gold Fields by 9.8% in the 1st quarter. Claro Advisors LLC now owns 13,622 shares of the company's stock valued at $65,000 after purchasing an additional 1,212 shares during the last quarter. 36.03% of the stock is owned by institutional investors and hedge funds.
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.