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

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

Separately, 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. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.45.

Gold Fields Price Performance

Shares of GFI opened at $18.67 on Friday. Gold Fields has a 1 year low of $12.28 and a 1 year high of $19.80. The company has a 50 day simple moving average of $15.92 and a two-hundred day simple moving average of $15.51. The firm has a market cap of $16.71 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 0.30 and a beta of 1.15.

Institutional Investors Weigh In On Gold Fields

Several large investors have recently bought and sold shares of the business. HighTower Advisors LLC lifted its position in Gold Fields by 0.5% during the fourth quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock valued at $1,388,000 after purchasing an additional 573 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after acquiring an additional 720 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after acquiring an additional 850 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in Gold Fields by 3.4% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company’s stock worth $638,000 after acquiring an additional 1,583 shares during the last quarter. Finally, Signaturefd LLC raised its position in Gold Fields by 19.1% during the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after purchasing an additional 1,656 shares during the period. 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.