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Shares of Gold Fields Limited (NYSE:GFI) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.27 and last traded at $14.13, with a volume of 106536 shares changing hands. The stock had previously closed at $13.59.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Gold Fields from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Friday, July 17th. JPMorgan Chase & Co. upgraded Gold Fields from a “neutral” rating to an “overweight” rating and set a $11.30 price target for the company in a research report on Monday, June 22nd. Bank of America upgraded Gold Fields from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 21st. Finally, ValuEngine upgraded Gold Fields from a “sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $11.65.
The firm has a 50-day moving average of $10.67 and a two-hundred day moving average of $7.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.81 and a quick ratio of 0.50.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GFI. Amundi Pioneer Asset Management Inc. boosted its position in shares of Gold Fields by 75.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,935,799 shares of the company’s stock worth $10,951,000 after buying an additional 1,261,943 shares during the period. Geode Capital Management LLC boosted its position in shares of Gold Fields by 253.7% during the fourth quarter. Geode Capital Management LLC now owns 58,254 shares of the company’s stock worth $384,000 after buying an additional 41,782 shares during the period. FNY Investment Advisers LLC boosted its position in shares of Gold Fields by 92.1% during the first quarter. FNY Investment Advisers LLC now owns 98,600 shares of the company’s stock worth $468,000 after buying an additional 47,283 shares during the period. Anderson Fisher LLC purchased a new position in shares of Gold Fields during the first quarter worth $52,000. Finally, Sicart Associates LLC boosted its position in shares of Gold Fields by 29.4% during the first quarter. Sicart Associates LLC now owns 14,950 shares of the company’s stock worth $71,000 after buying an additional 3,400 shares during the period. Institutional investors and hedge funds own 36.03% of the company’s stock.
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.