Gold Fields (NYSE:GFI - Get Free Report) was downgraded by StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Friday.
Several other analysts have also weighed in on GFI. JPMorgan Chase & Co. upped their target price on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Scotiabank increased their price objective on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Finally, HSBC reaffirmed a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $18.56.
Read Our Latest Stock Analysis on Gold Fields
Gold Fields Price Performance
Gold Fields stock traded down $1.66 during trading hours on Friday, hitting $21.73. The stock had a trading volume of 1,557,256 shares, compared to its average volume of 3,657,641. The stock has a market capitalization of $19.45 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.30 and a beta of 0.92. Gold Fields has a 1-year low of $12.98 and a 1-year high of $25.52. The stock's fifty day moving average is $20.93 and its two-hundred day moving average is $17.40.
Institutional Trading of Gold Fields
Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after buying an additional 649 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Gold Fields by 67.1% in the 1st quarter. Blue Trust Inc. now owns 4,053 shares of the company's stock worth $90,000 after purchasing an additional 1,627 shares during the period. Parallel Advisors LLC raised its holdings in shares of Gold Fields by 24.1% in the 1st quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock worth $148,000 after purchasing an additional 1,298 shares during the period. FCA Corp TX purchased a new position in shares of Gold Fields in the 4th quarter worth about $108,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Gold Fields in the 1st quarter worth about $203,000. 24.81% of the stock is 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, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.
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