Key Points
- Gold Fields director Jacqueline Elizabeth Mcgill bought 500 shares of the company on June 2 at an average price of $37.70, spending a total of $18,850.
- The purchase lifted Mcgill’s stake to 500 shares, a newly established position that was disclosed in a filing with the SEC.
- Gold Fields shares recently traded at $37.88; analysts currently have a consensus rating of Hold with an average target price of $49.75, while institutional ownership stands at 24.81%.
Gold Fields Limited (NYSE:GFI - Get Free Report) Director Jacqueline Elizabeth Mcgill acquired 500 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average price of $37.70 per share, with a total value of $18,850.00. Following the completion of the acquisition, the director owned 500 shares of the company's stock, valued at $18,850. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Gold Fields Price Performance
NYSE:GFI opened at $37.88 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a 52-week low of $22.40 and a 52-week high of $61.64. The stock has a 50-day simple moving average of $43.88 and a 200 day simple moving average of $46.58.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on GFI. Canaccord Genuity Group upgraded shares of Gold Fields from a "hold" rating to a "buy" rating and lifted their price objective for the company from $40.25 to $57.25 in a report on Friday, April 24th. Scotiabank cut their price target on shares of Gold Fields from $61.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, March 20th. Wall Street Zen cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 27th. Finally, Zacks Research raised shares of Gold Fields from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 28th. 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. Based on data from MarketBeat, Gold Fields currently has a consensus rating of "Hold" and an average target price of $49.75.
Get Our Latest Stock Analysis on Gold Fields
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in Gold Fields in the first quarter valued at approximately $25,000. CIBC Private Wealth Group LLC grew its stake in Gold Fields by 47.1% in the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company's stock valued at $36,000 after purchasing an additional 273 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Gold Fields in the third quarter valued at approximately $45,000. Bayforest Capital Ltd grew its stake in Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company's stock valued at $47,000 after purchasing an additional 996 shares in the last quarter. Finally, Arax Advisory Partners grew its stake in Gold Fields by 352.6% in the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company's stock valued at $50,000 after purchasing an additional 885 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.
About Gold Fields
(
Get Free Report)
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.
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