Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $18.70, but opened at $19.23. Gold Fields shares last traded at $18.91, with a volume of 1,264,715 shares.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 21st. Scotiabank boosted their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $17.20.
Check Out Our Latest Stock Report on GFI
Gold Fields Trading Down 3.8 %
The business's fifty day moving average price is $16.32 and its 200 day moving average price is $15.60. The firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 0.30 and a beta of 1.15.
Hedge Funds Weigh In On Gold Fields
A number of institutional investors have recently modified their holdings of the business. Integrated Advisors Network LLC acquired a new position in Gold Fields in the 4th quarter valued at $331,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in Gold Fields in the 4th quarter valued at $570,000. Public Employees Retirement System of Ohio acquired a new position in Gold Fields in the 4th quarter valued at $139,000. Two Sigma Investments LP increased its stake in Gold Fields by 61.1% in the 4th quarter. Two Sigma Investments LP now owns 64,256 shares of the company's stock valued at $848,000 after buying an additional 24,365 shares during the period. Finally, Silvercrest Asset Management Group LLC acquired a new position in Gold Fields in the 4th quarter valued at $9,033,000. 24.81% of the stock is owned by institutional investors and hedge funds.
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.
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