Gold Fields (NYSE:GFI) Shares Gap Down – Here’s Why

by · The Cerbat Gem

Shares of Gold Fields Limited (NYSE:GFI – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $19.20, but opened at $18.70. Gold Fields shares last traded at $18.70, with a volume of 826,860 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GFI. StockNews.com downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price target on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $16.45.

Check Out Our Latest Research Report on Gold Fields

Gold Fields Stock Down 2.4 %

The stock has a 50 day simple moving average of $15.83 and a 200 day simple moving average of $15.50.

Institutional Trading of Gold Fields

A number of large investors have recently modified their holdings of the company. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in Gold Fields in the 4th quarter worth about $570,000. Public Employees Retirement System of Ohio acquired a new position in shares of Gold Fields during the fourth quarter worth approximately $139,000. Two Sigma Investments LP grew its holdings in Gold Fields by 61.1% in the 4th quarter. Two Sigma Investments LP now owns 64,256 shares of the company’s stock worth $848,000 after buying an additional 24,365 shares in the last quarter. Silvercrest Asset Management Group LLC acquired a new position in Gold Fields during the 4th quarter worth $9,033,000. Finally, Quantinno Capital Management LP grew its stake in shares of Gold Fields by 53.4% in the fourth quarter. Quantinno Capital Management LP now owns 32,527 shares of the company’s stock worth $429,000 after purchasing an additional 11,322 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Company Profile

(Get Free Report)

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.

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