Gold Fields (NYSE:GFI) Shares Gap Down – Time to Sell?

Gold Fields Limited (NYSE:GFI) shares gapped down before the market opened on Monday . The stock had previously closed at $38.60, but opened at $34.85. Gold Fields shares last traded at $34.9020, with a volume of 1,461,993 shares.

Analyst Ratings Changes

Several brokerages have recently commented on GFI. Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and increased their price objective for the stock from $40.25 to $57.25 in a research note on Friday, April 24th. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Scotiabank lowered their price target on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Finally, Wall Street Zen cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $49.75.

Gold Fields Stock Down 2.8%

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. The stock’s 50-day simple moving average is $41.49 and its 200-day simple moving average is $46.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its stake in Gold Fields by 10.6% in the 1st quarter. Parallel Advisors LLC now owns 7,988 shares of the company’s stock valued at $363,000 after purchasing an additional 768 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Gold Fields by 56.9% in the 1st quarter. NewEdge Advisors LLC now owns 54,231 shares of the company’s stock worth $2,462,000 after buying an additional 19,670 shares during the last quarter. Groupe la Francaise boosted its holdings in shares of Gold Fields by 39.5% in the 1st quarter. Groupe la Francaise now owns 572,000 shares of the company’s stock worth $25,888,000 after buying an additional 162,000 shares during the last quarter. Bank of America Corp DE grew its position in Gold Fields by 32.1% during the first quarter. Bank of America Corp DE now owns 771,791 shares of the company’s stock valued at $35,039,000 after buying an additional 187,755 shares during the period. Finally, Cim LLC grew its position in Gold Fields by 0.9% during the first quarter. Cim LLC now owns 60,324 shares of the company’s stock valued at $2,739,000 after buying an additional 523 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Company Profile

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.