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

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

A number of other brokerages also recently issued reports on GFI. JPMorgan Chase & Co. lifted their price target on shares of 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 target price on Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.

Gold Fields Price Performance

Gold Fields stock opened at $21.92 on Friday. Gold Fields has a 1 year low of $12.98 and a 1 year high of $22.80. The firm’s 50 day moving average price is $18.97 and its 200-day moving average price is $16.42. The stock has a market cap of $19.62 billion, a P/E ratio of 9.33, a PEG ratio of 0.30 and a beta of 1.14.

Institutional Investors Weigh In On Gold Fields

Several large investors have recently added to or reduced their stakes in the stock. FCA Corp TX bought a new stake in shares of Gold Fields in the 4th quarter valued at approximately $108,000. Net Worth Advisory Group bought a new stake in Gold Fields in the fourth quarter worth $136,000. Signaturefd LLC boosted its stake in Gold Fields by 19.1% during 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 period. Public Employees Retirement System of Ohio bought a new position in Gold Fields during the fourth quarter valued at $139,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Gold Fields in the fourth quarter valued at $141,000. 24.81% of the stock is owned by institutional investors.

Gold Fields Company Profile

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.