Shares of Gold Fields Limited (NYSE:GFI - Get Free Report) have been assigned an average rating of "Hold" from the six analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $16.45.
GFI has been the subject of a number of recent research reports. StockNews.com lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. Finally, Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research note on Friday, October 18th.
View Our Latest Stock Report on Gold Fields
Gold Fields Price Performance
GFI traded up $0.57 during trading hours on Friday, hitting $16.72. 2,484,902 shares of the company's stock were exchanged, compared to its average volume of 2,524,094. The firm has a 50 day moving average of $14.35 and a 200 day moving average of $15.25. Gold Fields has a 12-month low of $12.28 and a 12-month high of $18.97.
Hedge Funds Weigh In On Gold Fields
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning lifted its holdings in shares of Gold Fields by 15.2% in the 2nd quarter. Creative Planning now owns 54,242 shares of the company's stock valued at $808,000 after purchasing an additional 7,155 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Gold Fields by 36.9% in the third quarter. Bank of Montreal Can now owns 263,575 shares of the company's stock valued at $4,280,000 after acquiring an additional 71,094 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of Gold Fields during the third quarter worth approximately $1,052,000. International Assets Investment Management LLC acquired a new position in shares of Gold Fields in the 3rd quarter valued at $10,600,000. Finally, Massachusetts Financial Services Co. MA grew its position in Gold Fields by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company's stock worth $94,492,000 after purchasing an additional 580,546 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.
About Gold Fields
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Get Free ReportGold 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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