Gold Fields Limited (NYSE:GFI – Get Rating) shares gapped down prior to trading on Friday . The stock had previously closed at $7.67, but opened at $7.27. Gold Fields shares last traded at $7.34, with a volume of 169,130 shares changing hands.

Analyst Upgrades and Downgrades

GFI has been the topic of a number of analyst reports. StockNews.com raised Gold Fields from a "hold" rating to a "buy" rating in a report on Wednesday. Investec raised Gold Fields from a "hold" rating to a "buy" rating in a research note on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $13.77.

Gold Fields Stock Performance

The company has a 50 day moving average price of $8.59 and a 200 day moving average price of $11.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 2.22.

Gold Fields Cuts Dividend

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GFI. Van ECK Associates Corp raised its position in shares of Gold Fields by 10.9% during the 2nd quarter. Van ECK Associates Corp now owns 52,593,621 shares of the company's stock worth $479,654,000 after purchasing an additional 5,165,756 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Gold Fields by 118.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,107,356 shares of the company's stock worth $78,960,000 after purchasing an additional 2,772,894 shares during the last quarter. BlackRock Inc. raised its position in shares of Gold Fields by 10.2% during the 1st quarter. BlackRock Inc. now owns 25,589,382 shares of the company's stock worth $395,611,000 after purchasing an additional 2,368,601 shares during the last quarter. USS Investment Management Ltd acquired a new position in shares of Gold Fields during the 1st quarter worth approximately $32,677,000. Finally, Mackenzie Financial Corp raised its holdings in Gold Fields by 31.5% in the 2nd quarter. Mackenzie Financial Corp now owns 8,167,333 shares of the company's stock valued at $74,486,000 after acquiring an additional 1,954,759 shares during the last quarter. 26.34% of the stock is currently owned by institutional investors and hedge funds.

About Gold Fields

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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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