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

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

Several other brokerages have also recently weighed in on GFI. Scotiabank raised their price objective on 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 target price on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Four 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.20.

Gold Fields Trading Up 7.5 %

Shares of GFI opened at $21.55 on Thursday. The stock has a market capitalization of $19.29 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.30 and a beta of 0.92. Gold Fields has a 12 month low of $12.98 and a 12 month high of $23.02. The firm has a fifty day simple moving average of $19.97 and a 200 day simple moving average of $16.89.

Institutional Trading of Gold Fields

Several large investors have recently modified their holdings of GFI. ABC Arbitrage SA bought a new stake in Gold Fields during the fourth quarter worth about $1,641,000. Rhumbline Advisers boosted its position in shares of Gold Fields by 4.3% during the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after acquiring an additional 720 shares in the last quarter. Range Financial Group LLC bought a new position in Gold Fields in the fourth quarter valued at approximately $770,000. Allspring Global Investments Holdings LLC raised its position in Gold Fields by 8.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company’s stock valued at $21,194,000 after purchasing an additional 122,247 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Gold Fields by 42.3% during the fourth quarter. SG Americas Securities LLC now owns 87,990 shares of the company’s stock worth $1,161,000 after purchasing an additional 26,143 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

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.