John Fraser Mackenzie Buys 500 Shares of Gold Fields (NYSE:GFI) Stock

Gold Fields Limited (NYSE:GFI) Director John Fraser Mackenzie purchased 500 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost of $33.31 per share, with a total value of $16,655.00. Following the completion of the purchase, the director owned 500 shares in the company, valued at $16,655. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Gold Fields Price Performance

Shares of NYSE:GFI traded down $1.80 during mid-day trading on Wednesday, reaching $31.80. The stock had a trading volume of 2,179,174 shares, compared to its average volume of 3,449,903. The firm has a 50 day simple moving average of $41.49 and a two-hundred day simple moving average of $46.18. Gold Fields Limited has a twelve month low of $22.40 and a twelve month high of $61.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79.

Institutional Trading of Gold Fields

Several hedge funds and other institutional investors have recently modified their holdings of GFI. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Gold Fields by 43.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock worth $10,698,000 after purchasing an additional 74,539 shares during the last quarter. Dorsey Wright & Associates bought a new position in Gold Fields during the third quarter worth about $2,758,000. American Century Companies Inc. increased its position in Gold Fields by 24.3% during the third quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock worth $173,584,000 after buying an additional 809,816 shares during the last quarter. Causeway Capital Management LLC raised its stake in Gold Fields by 14.0% in the third quarter. Causeway Capital Management LLC now owns 1,543,015 shares of the company’s stock valued at $64,745,000 after buying an additional 189,362 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Gold Fields by 1.6% in the third quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock valued at $1,439,365,000 after buying an additional 539,923 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Analyst Ratings Changes

GFI has been the topic of a number of recent analyst reports. Weiss Ratings cut shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Scotiabank dropped their price objective on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, March 20th. Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and lifted their price target for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Finally, Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Gold Fields currently has an average rating of “Hold” and a consensus target price of $49.75.

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.