Insider Buying: Gold Fields (NYSE:GFI) Director Purchases $18,850.00 in Stock
by Michael Walen · The Markets DailyGold Fields Limited (NYSE:GFI – Get Free Report) Director Jacqueline Elizabeth Mcgill acquired 500 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average cost of $37.70 per share, with a total value of $18,850.00. Following the acquisition, the director owned 500 shares in the company, valued at $18,850. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Gold Fields Trading Down 6.6%
Shares of Gold Fields stock opened at $36.52 on Friday. The business has a fifty day simple moving average of $43.74 and a two-hundred day simple moving average of $46.49. Gold Fields Limited has a 1 year low of $22.40 and a 1 year high of $61.64. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34.
Wall Street Analyst Weigh In
GFI has been the subject of several research reports. Scotiabank cut their price target on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and raised their price target for the company from $40.25 to $57.25 in a report on Friday, April 24th. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $49.75.
Get Our Latest Analysis on Gold Fields
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in Gold Fields by 10.6% during the 1st quarter. Parallel Advisors LLC now owns 7,988 shares of the company’s stock worth $363,000 after buying an additional 768 shares during the period. NewEdge Advisors LLC increased its position in Gold Fields by 56.9% during 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 period. Groupe la Francaise increased its position in Gold Fields by 39.5% during 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 period. Bank of America Corp DE increased its position in Gold Fields by 32.1% during the 1st quarter. Bank of America Corp DE now owns 771,791 shares of the company’s stock worth $35,039,000 after buying an additional 187,755 shares during the period. Finally, Cim LLC increased its position in Gold Fields by 0.9% during the 1st quarter. Cim LLC now owns 60,324 shares of the company’s stock worth $2,739,000 after buying an additional 523 shares during the period. Institutional investors own 24.81% of the company’s stock.
About Gold Fields
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.