Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $13.20, but opened at $13.79. Gold Fields shares last traded at $13.85, with a volume of 767,035 shares changing hands.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on GFI shares. Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. decreased their price objective on shares of Gold Fields from $18.00 to $17.10 and set a "neutral" rating for the company in a research report on Friday, December 6th. Bank of America initiated coverage on Gold Fields in a research note on Monday, September 16th. They set a "buy" rating and a $16.00 target price for the company. Finally, StockNews.com cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $16.03.
Check Out Our Latest Analysis on Gold Fields
Gold Fields Stock Up 6.5 %
The stock has a market capitalization of $12.58 billion, a P/E ratio of 6.66, a PEG ratio of 0.43 and a beta of 1.13. The company has a 50 day moving average of $14.67 and a 200-day moving average of $15.24.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Concurrent Investment Advisors LLC lifted its holdings in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company's stock worth $170,000 after acquiring an additional 850 shares during the last quarter. Sierra Summit Advisors LLC lifted its holdings in shares of Gold Fields by 8.6% in the 2nd quarter. Sierra Summit Advisors LLC now owns 23,380 shares of the company's stock worth $348,000 after purchasing an additional 1,857 shares during the last quarter. Quantinno Capital Management LP boosted its position in Gold Fields by 11.1% during the 3rd quarter. Quantinno Capital Management LP now owns 21,205 shares of the company's stock valued at $326,000 after purchasing an additional 2,118 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Gold Fields by 1.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company's stock worth $1,929,000 after buying an additional 2,300 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Gold Fields by 13.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company's stock worth $318,000 after buying an additional 2,480 shares during the period. 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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