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

StockNews.com upgraded shares of Gold Fields (NYSE:GFI) from a buy rating to a strong-buy rating in a research report released on Friday.

Separately, 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 research report on Wednesday, January 15th. Four equities research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $16.45.

Gold Fields Trading Down 2.8 %

NYSE:GFI opened at $18.67 on Friday. The stock has a 50-day simple moving average of $15.83 and a 200 day simple moving average of $15.50. Gold Fields has a 52-week low of $12.28 and a 52-week high of $19.80.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GFI. Allspring Global Investments Holdings LLC boosted its holdings in shares of Gold Fields by 66.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock valued at $21,263,000 after acquiring an additional 551,210 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Gold Fields during the third quarter valued at about $10,600,000. Assenagon Asset Management S.A. bought a new stake in shares of Gold Fields during the third quarter worth about $613,000. DekaBank Deutsche Girozentrale increased its stake in shares of Gold Fields by 1.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company’s stock valued at $1,929,000 after buying an additional 2,300 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Gold Fields by 3.3% during the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock valued at $744,566,000 after acquiring an additional 1,549,372 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

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.