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Gold Fields Shares Up 5.3% on NYSE - American Banking & Market News

Wednesday, 5 August 2020

Gold Fields Limited (NYSE:GFI) shares shot up 5.3% during trading on Tuesday . The stock traded as high as $13.63 and last traded at $13.59, 10,197,230 shares changed hands during trading. An increase of 20% from the average session volume of 8,506,352 shares. The stock had previously closed at $12.91.

GFI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Gold Fields from a "hold" rating to a "buy" rating and set a $12.00 target price on the stock in a research note on Friday, July 17th. ValuEngine raised shares of Gold Fields from a "sell" rating to a "hold" rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. raised shares of Gold Fields from a "neutral" rating to an "overweight" rating and set a $11.30 price target for the company in a report on Monday, June 22nd. Finally, Bank of America raised shares of Gold Fields from a "neutral" rating to a "buy" rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Gold Fields currently has an average rating of "Buy" and a consensus price target of $11.65.

The business’s fifty day moving average price is $10.43 and its 200 day moving average price is $7.61. The company has a market capitalization of $11.81 billion, a P/E ratio of 32.36, a P/E/G ratio of 0.72 and a beta of 0.55. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50.

Several large investors have recently added to or reduced their stakes in GFI. Ruffer LLP lifted its holdings in shares of Gold Fields by 76.4% during the 1st quarter. Ruffer LLP now owns 13,704,890 shares of the company’s stock worth $65,167,000 after acquiring an additional 5,937,785 shares during the period. Invesco Ltd. increased its position in shares of Gold Fields by 30.5% during the 1st quarter. Invesco Ltd. now owns 9,240,000 shares of the company’s stock worth $43,890,000 after purchasing an additional 2,160,000 shares in the last quarter. Jane Street Group LLC increased its position in shares of Gold Fields by 2,290.2% during the 1st quarter. Jane Street Group LLC now owns 2,128,045 shares of the company’s stock worth $10,108,000 after purchasing an additional 2,039,013 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Gold Fields by 97.6% during the 1st quarter. Schroder Investment Management Group now owns 3,887,886 shares of the company’s stock worth $22,627,000 after purchasing an additional 1,920,796 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Gold Fields by 6,582.0% during the 1st quarter. JPMorgan Chase & Co. now owns 1,873,978 shares of the company’s stock worth $8,901,000 after purchasing an additional 1,845,933 shares in the last quarter. 36.03% of the stock is 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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