Gold Fields (NYSE:GFI - Free Report) had its price objective boosted by JPMorgan Chase & Co. from $17.10 to $18.80 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.
Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. Investec raised shares of Gold Fields from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Gold Fields currently has an average rating of "Hold" and an average target price of $16.45.
Get Our Latest Stock Report on GFI
Gold Fields Stock Performance
Shares of GFI stock traded up $0.13 on Wednesday, reaching $15.27. The stock had a trading volume of 2,350,500 shares, compared to its average volume of 2,238,004. Gold Fields has a 1 year low of $12.28 and a 1 year high of $18.97. The company has a 50 day simple moving average of $14.29 and a 200 day simple moving average of $15.24.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. purchased a new position in Gold Fields during the third quarter valued at approximately $160,000. Concurrent Investment Advisors LLC lifted its stake in shares of Gold Fields by 8.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company's stock valued at $170,000 after buying an additional 850 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Gold Fields in the 3rd quarter worth $209,000. MQS Management LLC purchased a new stake in Gold Fields in the 2nd quarter worth $225,000. Finally, Rakuten Securities Inc. raised its holdings in 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 acquiring an additional 7,879 shares during the period. 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.
See Also
Before you consider Gold Fields, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gold Fields wasn't on the list.
While Gold Fields currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
