Gold Fields Limited (NYSE:GFI - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as $19.02 and last traded at $18.95, with a volume of 743925 shares. The stock had previously closed at $18.63.
Analyst Ratings Changes
A number of equities analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. StockNews.com lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. Finally, Investec raised Gold Fields from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Gold Fields has a consensus rating of "Hold" and an average price target of $16.45.
View Our Latest Report on GFI
Gold Fields Stock Performance
The business has a 50-day moving average price of $15.09 and a two-hundred day moving average price of $15.34.
Institutional Investors Weigh In On Gold Fields
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its holdings in 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 purchasing an additional 71,094 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Gold Fields in the third quarter worth about $1,052,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Gold Fields by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company's stock worth $94,492,000 after acquiring an additional 580,546 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Gold Fields in the third quarter worth about $10,600,000. Finally, Range Financial Group LLC bought a new stake in shares of Gold Fields in the fourth quarter worth about $770,000. Institutional investors own 24.81% of the company's stock.
Gold Fields Company Profile
(
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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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