Gold Fields Limited (NYSE:GFI - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $16.59, but opened at $17.29. Gold Fields shares last traded at $17.23, with a volume of 496,827 shares.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Investec raised Gold Fields from a "hold" rating to a "buy" rating in a report on Friday, October 18th. JPMorgan Chase & Co. lifted their target price on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Finally, StockNews.com cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Gold Fields currently has an average rating of "Hold" and a consensus price target of $16.45.
Read Our Latest Stock Analysis on Gold Fields
Gold Fields Stock Performance
The firm's 50-day simple moving average is $14.63 and its 200-day simple moving average is $15.27.
Hedge Funds Weigh In On Gold Fields
A number of institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. purchased a new stake in shares of Gold Fields in the 3rd quarter worth about $160,000. Concurrent Investment Advisors LLC grew 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 purchasing an additional 850 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Gold Fields during the third quarter valued at approximately $209,000. Rhumbline Advisers increased its stake in shares of Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after purchasing an additional 720 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in shares of Gold Fields by 90.7% during the third quarter. Rakuten Securities Inc. now owns 16,562 shares of the company's stock valued at $254,000 after purchasing an additional 7,879 shares during the last quarter. Institutional investors own 24.81% of the company's stock.
Gold Fields Company Profile
(
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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