Gold Fields (NYSE:GFI) Shares Gap Up – Still a Buy?

Gold Fields Limited (NYSE:GFI) gapped up before the market opened on Friday . The stock had previously closed at $13.58, but opened at $13.87. Gold Fields shares last traded at $13.93, with a volume of 130,421 shares.

Wall Street Analyst Weigh In

GFI has been the subject of several research analyst reports. Bank of America initiated coverage on shares of Gold Fields in a report on Monday, September 16th. They set a “buy” rating and a $16.00 price target for the company. Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. cut their price target on Gold Fields from $18.00 to $17.10 and set a “neutral” rating on the stock in a research note on Friday, December 6th. Scotiabank lowered their price objective on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. Finally, StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $16.03.

Gold Fields Trading Up 1.5 %

The business’s 50-day simple moving average is $15.37 and its two-hundred day simple moving average is $15.35. The firm has a market cap of $12.34 billion, a price-to-earnings ratio of 6.54, a P/E/G ratio of 0.43 and a beta of 1.13.

Institutional Investors Weigh In On Gold Fields

Several large investors have recently modified their holdings of GFI. Concurrent Investment Advisors LLC increased its holdings 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 purchasing an additional 850 shares in the last quarter. Sierra Summit Advisors LLC increased its stake in shares of Gold Fields by 8.6% in the 2nd quarter. Sierra Summit Advisors LLC now owns 23,380 shares of the company’s stock valued at $348,000 after acquiring an additional 1,857 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Gold Fields by 11.1% during the third quarter. Quantinno Capital Management LP now owns 21,205 shares of the company’s stock worth $326,000 after acquiring an additional 2,118 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Gold Fields by 1.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company’s stock worth $1,929,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Gold Fields by 13.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company’s stock worth $318,000 after acquiring an additional 2,480 shares in the last quarter. 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.