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

Shares of Gold Fields Limited (NYSE:GFI) gapped down prior to trading on Wednesday . The stock had previously closed at $52.13, but opened at $50.04. Gold Fields shares last traded at $49.94, with a volume of 730,823 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wall Street Zen upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Royal Bank Of Canada lowered their target price on Gold Fields to $45.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Citigroup boosted their price target on Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, Morgan Stanley cut Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.00.

Gold Fields Price Performance

The business has a 50-day moving average of $52.32 and a 200 day moving average of $44.62.

Institutional Trading of Gold Fields

Hedge funds have recently bought and sold shares of the business. World Investment Advisors raised its holdings in Gold Fields by 65.0% during the fourth quarter. World Investment Advisors now owns 16,056 shares of the company’s stock worth $701,000 after buying an additional 6,325 shares during the last quarter. Larry Mathis Financial Planning LLC bought a new stake in shares of Gold Fields during the fourth quarter worth about $245,000. Corient Private Wealth LLC raised its holdings in shares of Gold Fields by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 47,993 shares of the company’s stock worth $2,095,000 after acquiring an additional 513 shares during the last quarter. Hsbc Holdings PLC lifted its position in Gold Fields by 138.2% in the 4th quarter. Hsbc Holdings PLC now owns 111,152 shares of the company’s stock valued at $4,856,000 after acquiring an additional 64,492 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Gold Fields in the 4th quarter valued at about $554,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.