Gold Fields (NYSE:GFI - Free Report) had its price target hoisted by Scotiabank from $18.00 to $20.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.
Other analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their price target on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. StockNews.com raised Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 21st. Four investment 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $17.20.
Read Our Latest Analysis on Gold Fields
Gold Fields Price Performance
Shares of GFI stock traded down $0.47 during trading hours on Tuesday, reaching $17.93. The company had a trading volume of 4,823,715 shares, compared to its average volume of 2,986,643. The company has a market cap of $16.05 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 0.30 and a beta of 1.15. The business has a fifty day simple moving average of $16.41 and a 200-day simple moving average of $15.62. Gold Fields has a 12 month low of $12.82 and a 12 month high of $19.80.
Institutional Trading of Gold Fields
Large investors have recently bought and sold shares of the company. FCA Corp TX purchased a new stake in Gold Fields in the fourth quarter worth $108,000. Net Worth Advisory Group purchased a new stake in Gold Fields in the fourth quarter worth $136,000. Signaturefd LLC increased its position in Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company's stock worth $136,000 after buying an additional 1,656 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Gold Fields in the fourth quarter worth $139,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Gold Fields in the fourth quarter worth $141,000. 24.81% of the stock is owned by hedge funds and other institutional investors.
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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