Gold Fields (GFI) Sees Large Volume Increase
Gold Fields Limited (NYSE:GFI) saw unusually-high trading volume on Friday . Approximately 13,311,975 shares traded hands during mid-day trading, an increase of 138% from the previous session’s volume of 5,590,550 shares.The stock last traded at $3.92 and had previously closed at $3.87.
GFI has been the subject of several research reports. JPMorgan Chase & Co. cut Gold Fields from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $4.10 to $4.00 in a report on Thursday, February 21st. Morgan Stanley cut Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 31st. BMO Capital Markets set a $3.00 target price on Gold Fields and gave the stock a “sell” rating in a report on Sunday, December 16th. ValuEngine upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Finally, Zacks Investment Research cut Gold Fields from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $4.00.
The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 56.00 and a beta of -1.05.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Brookstone Capital Management purchased a new stake in shares of Gold Fields during the 4th quarter worth $39,000. Blueshift Asset Management LLC purchased a new stake in shares of Gold Fields during the 4th quarter worth $39,000. PNC Financial Services Group Inc. lifted its stake in shares of Gold Fields by 118.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,914 shares of the company’s stock worth $49,000 after purchasing an additional 7,532 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Gold Fields by 59.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,200 shares of the company’s stock worth $64,000 after purchasing an additional 6,800 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. purchased a new stake in shares of Gold Fields during the 4th quarter worth $78,000. Hedge funds and other institutional investors own 41.81% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Gold Fields (GFI) Sees Large Volume Increase” was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/gold-fields-gfi-sees-large-volume-increase/2897028.html.
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.
Featured Story: Price to Earnings Ratio (PE) Basics
Receive News & Ratings for Gold Fields Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields and related companies with MarketBeat.com's FREE daily email newsletter.