Gold Fields (NYSE:GFI) Shares Gap Down – Should You Sell?

Gold Fields Limited (NYSE:GFI)’s share price 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.

Analyst Ratings Changes

GFI has been the subject of several analyst reports. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Gold Fields presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.45.

Gold Fields Stock Performance

The company has a 50-day moving average of $15.92 and a 200-day moving average of $15.51. The firm has a market capitalization of $16.71 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.30 and a beta of 1.15.

Hedge Funds Weigh In On Gold Fields

Large investors have recently bought and sold shares of the company. FCA Corp TX acquired a new position in Gold Fields during the 4th quarter worth approximately $108,000. Net Worth Advisory Group acquired a new position in Gold Fields during the 4th quarter worth approximately $136,000. Signaturefd LLC boosted its position in Gold Fields by 19.1% during the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after acquiring an additional 1,656 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Gold Fields during the 3rd quarter worth approximately $160,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Gold Fields during the 4th quarter worth approximately $139,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

About Gold Fields

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.