Gold Fields (NYSE:GFI - Get Free Report) had its target price hoisted by equities research analysts at Scotiabank from $20.00 to $23.00 in a report issued on Monday, MarketBeat reports. The firm presently has a "sector perform" rating on the stock. Scotiabank's price target would indicate a potential downside of 4.33% from the stock's previous close.
Other research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 10th. JPMorgan Chase & Co. increased their price target on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research note on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $18.56.
Check Out Our Latest Stock Analysis on GFI
Gold Fields Trading Down 2.6 %
GFI stock traded down $0.63 during trading on Monday, hitting $24.04. The company had a trading volume of 4,859,660 shares, compared to its average volume of 3,664,572. The business has a 50 day moving average of $20.66 and a 200 day moving average of $17.22. The firm has a market capitalization of $21.52 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 0.30 and a beta of 0.92. Gold Fields has a fifty-two week low of $12.98 and a fifty-two week high of $25.52.
Institutional Trading of Gold Fields
Institutional investors and hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. increased its position in shares of Gold Fields by 52.3% in the first quarter. QRG Capital Management Inc. now owns 15,377 shares of the company's stock worth $340,000 after acquiring an additional 5,279 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Gold Fields in the 1st quarter worth about $203,000. Assenagon Asset Management S.A. acquired a new stake in Gold Fields during the 1st quarter worth about $2,914,000. SG Americas Securities LLC boosted its position in Gold Fields by 105.7% during the 1st quarter. SG Americas Securities LLC now owns 180,956 shares of the company's stock worth $3,997,000 after acquiring an additional 92,966 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after purchasing an additional 649 shares during the period. Institutional investors and hedge funds 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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