Gold Fields (NYSE:GFI) Upgraded by StockNews.com to Strong-Buy Rating

Gold Fields (NYSE:GFI) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

A number of other brokerages have also recently weighed in on GFI. Scotiabank lifted their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.20.

Gold Fields Stock Performance

Shares of GFI stock opened at $20.77 on Friday. The stock has a market capitalization of $18.59 billion, a P/E ratio of 8.84, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The company has a 50 day moving average price of $17.54 and a 200 day moving average price of $15.85. Gold Fields has a fifty-two week low of $12.98 and a fifty-two week high of $20.83.

Institutional Investors Weigh In On Gold Fields

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ABC Arbitrage SA acquired a new stake in Gold Fields during the 4th quarter worth $1,641,000. Bank of Montreal Can grew its position in Gold Fields by 36.9% during the 3rd quarter. Bank of Montreal Can now owns 263,575 shares of the company’s stock worth $4,280,000 after purchasing an additional 71,094 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Gold Fields by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock worth $94,492,000 after purchasing an additional 580,546 shares during the last quarter. Range Financial Group LLC purchased a new position in Gold Fields during the 4th quarter worth $770,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Gold Fields during the 3rd quarter worth $9,911,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.

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.