Gold Fields (NYSE:GFI) Given New $32.00 Price Target at BMO Capital Markets

Gold Fields (NYSE:GFI) had its price objective raised by BMO Capital Markets from $24.00 to $32.00 in a research note published on Monday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

GFI has been the topic of several other reports. Canaccord Genuity Group assumed coverage on Gold Fields in a research note on Monday, July 28th. They issued a “buy” rating and a $33.00 price target on the stock. Wall Street Zen upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Sunday. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Gold Fields has a consensus rating of “Hold” and an average target price of $23.97.

Gold Fields Stock Up 4.0%

GFI stock opened at $32.36 on Monday. Gold Fields has a fifty-two week low of $12.98 and a fifty-two week high of $32.47. The company has a market capitalization of $28.96 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 0.33 and a beta of 0.42. The business’s 50 day moving average price is $26.30 and its two-hundred day moving average price is $23.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14.

Hedge Funds Weigh In On Gold Fields

Several large investors have recently modified their holdings of the stock. Richardson Financial Services Inc. purchased a new stake in Gold Fields during the 1st quarter valued at about $26,000. Penserra Capital Management LLC bought a new position in shares of Gold Fields in the second quarter worth approximately $26,000. Country Trust Bank purchased a new stake in shares of Gold Fields during the second quarter valued at approximately $26,000. IFP Advisors Inc increased its position in shares of Gold Fields by 672.1% during the second quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after acquiring an additional 1,351 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in Gold Fields in the 1st quarter worth approximately $44,000. Hedge funds and other 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.