Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $14.38, but opened at $15.24. Gold Fields shares last traded at $15.02, with a volume of 931,422 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Bank of America started coverage on Gold Fields in a research report on Monday, September 16th. They set a "buy" rating and a $16.00 target price for the company. JPMorgan Chase & Co. decreased their price target on Gold Fields from $18.00 to $17.10 and set a "neutral" rating on the stock in a research report on Friday, December 6th. Finally, StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Gold Fields presently has a consensus rating of "Hold" and an average target price of $16.03.
Check Out Our Latest Stock Report on GFI
Gold Fields Stock Performance
The business has a fifty day moving average price of $14.35 and a 200 day moving average price of $15.24. The company has a market cap of $13.17 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 0.43 and a beta of 1.13.
Institutional Trading of Gold Fields
Several institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. bought a new stake in Gold Fields in the third quarter worth approximately $160,000. Concurrent Investment Advisors LLC increased its stake in shares of Gold Fields by 8.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company's stock valued at $170,000 after acquiring an additional 850 shares in the last quarter. Candriam S.C.A. acquired a new position in shares of Gold Fields during the 2nd quarter valued at $189,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Gold Fields during the third quarter worth $209,000. Finally, MQS Management LLC acquired a new stake in Gold Fields in the second quarter worth $225,000. 24.81% of the stock is currently owned by institutional investors.
About Gold Fields
(
Get Free Report)
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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