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

Gold Fields Limited (NYSE:GFI) gapped down before the market opened 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.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GFI shares. Morgan Stanley cut Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Scotiabank upped their price target on shares of Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Wall Street Zen raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Citigroup boosted their target price on shares of Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Gold Fields presently has a consensus rating of “Hold” and an average target price of $44.00.

Gold Fields Price Performance

The business’s 50 day moving average is $52.03 and its 200 day moving average is $44.53.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its stake in Gold Fields by 84.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock worth $131,350,000 after acquiring an additional 2,545,579 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Gold Fields by 69.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock valued at $191,407,000 after purchasing an additional 1,794,124 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Gold Fields by 39.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after buying an additional 1,714,442 shares during the period. Man Group plc lifted its position in Gold Fields by 63.7% in the 4th quarter. Man Group plc now owns 3,650,799 shares of the company’s stock worth $159,394,000 after buying an additional 1,421,121 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Gold Fields by 32.9% during the 2nd quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock valued at $116,443,000 after buying an additional 1,217,594 shares during the period. 24.81% of the stock is owned by institutional investors and hedge funds.

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.