Gold Fields (NYSE:GFI) Rating Increased to Strong-Buy at StockNews.com

Gold Fields (NYSE:GFI) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday.

A number of other research analysts have also weighed in on GFI. 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. Scotiabank boosted their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.20.

Gold Fields Price Performance

Gold Fields stock opened at $22.13 on Friday. Gold Fields has a one year low of $12.98 and a one year high of $22.80. The firm has a market capitalization of $19.81 billion, a P/E ratio of 9.42, a PEG ratio of 0.30 and a beta of 1.14. The business has a fifty day moving average price of $19.10 and a 200-day moving average price of $16.50.

Institutional Investors Weigh In On Gold Fields

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FCA Corp TX purchased a new position in Gold Fields in the 4th quarter worth approximately $108,000. Net Worth Advisory Group purchased a new position in Gold Fields in the fourth quarter worth $136,000. Signaturefd LLC increased its stake in Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after acquiring an additional 1,656 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Gold Fields during the fourth quarter valued at about $139,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Gold Fields during the fourth quarter worth about $141,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

About Gold Fields

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.