Shares of Gold Fields Limited (NYSE:GFI - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $13.58, but opened at $13.87. Gold Fields shares last traded at $13.93, with a volume of 130,421 shares trading hands.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Gold Fields from $18.00 to $17.10 and set a "neutral" rating on the stock in a research report on Friday, December 6th. Investec raised shares of Gold Fields from a "hold" rating to a "buy" rating in a report on Friday, October 18th. StockNews.com downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. Scotiabank dropped their price target on Gold Fields from $18.00 to $17.00 and set a "sector perform" rating on the stock in a research report on Monday, August 26th. Finally, Bank of America assumed coverage on Gold Fields in a report on Monday, September 16th. They issued a "buy" rating and a $16.00 price target on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $16.03.
Get Our Latest Report on Gold Fields
Gold Fields Trading Up 1.5 %
The firm's 50-day simple moving average is $15.37 and its 200 day simple moving average is $15.35. The stock has a market cap of $12.34 billion, a P/E ratio of 6.54, a PEG ratio of 0.43 and a beta of 1.13.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. LGT Fund Management Co Ltd. bought a new position in shares of Gold Fields in the second quarter valued at approximately $149,000. Concurrent Investment Advisors LLC bought a new position in Gold Fields during the 2nd quarter valued at $153,000. QRG Capital Management Inc. bought a new position in Gold Fields during the 3rd quarter valued at $160,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Gold Fields by 10.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company's stock worth $172,000 after buying an additional 1,090 shares in the last quarter. Finally, Candriam S.C.A. bought a new stake in shares of Gold Fields in the 2nd quarter worth $189,000. Institutional investors and hedge funds own 24.81% of the company's stock.
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.
Further Reading
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