Shares of Gold Fields Limited (NYSE:GFI – Get Rating) traded up 2.5% during mid-day trading on Thursday . The company traded as high as $7.73 and last traded at $7.71. 140,607 shares traded hands during trading, a decline of 98% from the average session volume of 8,452,390 shares. The stock had previously closed at $7.52.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research report on Thursday, July 7th. StockNews.com upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $13.77.

Gold Fields Trading Up 1.9 %

The company's fifty day moving average is $8.65 and its two-hundred day moving average is $11.19. The company has a quick ratio of 0.96, a current ratio of 2.22 and a debt-to-equity ratio of 0.34.

Gold Fields Cuts Dividend

Institutional Investors Weigh In On Gold Fields

Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors raised its holdings in Gold Fields by 100.8% in the second quarter. Captrust Financial Advisors now owns 2,741 shares of the company's stock worth $25,000 after purchasing an additional 1,376 shares during the period. JFS Wealth Advisors LLC lifted its position in Gold Fields by 488.9% in the 1st quarter. JFS Wealth Advisors LLC now owns 2,179 shares of the company's stock valued at $34,000 after acquiring an additional 1,809 shares in the last quarter. Larson Financial Group LLC acquired a new position in Gold Fields in the 2nd quarter worth $35,000. Optimum Investment Advisors bought a new position in Gold Fields during the 4th quarter worth about $44,000. Finally, Chiron Investment Management LLC acquired a new stake in shares of Gold Fields in the 1st quarter valued at about $68,000. 26.34% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Company Profile

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Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces.

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