Gold Fields (NYSE:GFI) Reaches New 1-Year High After Analyst Upgrade

Shares of Gold Fields Limited (NYSE:GFI) hit a new 52-week high during mid-day trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $64.00 to $65.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Gold Fields traded as high as $53.28 and last traded at $52.53, with a volume of 1453600 shares changing hands. The stock had previously closed at $49.41.

GFI has been the topic of a number of other research reports. Wall Street Zen raised Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Sunday. Canaccord Genuity Group downgraded shares of Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price target for the company. in a report on Monday, October 13th. Scotiabank boosted their price objective on shares of Gold Fields from $30.00 to $47.00 and gave the stock a “sector perform” rating in a report on Thursday, October 23rd. HSBC restated a “hold” rating on shares of Gold Fields in a research report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.25.

Institutional Trading of Gold Fields

A number of large investors have recently made changes to their positions in GFI. Signaturefd LLC raised its stake in Gold Fields by 5.3% in the 4th quarter. Signaturefd LLC now owns 12,710 shares of the company’s stock valued at $555,000 after purchasing an additional 645 shares during the last quarter. Blue Trust Inc. boosted its holdings in Gold Fields by 20.1% in the fourth quarter. Blue Trust Inc. now owns 4,742 shares of the company’s stock valued at $207,000 after acquiring an additional 793 shares during the last quarter. Burns Matteson Capital Management LLC grew its position in Gold Fields by 10.0% during the fourth quarter. Burns Matteson Capital Management LLC now owns 11,238 shares of the company’s stock valued at $491,000 after acquiring an additional 1,025 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in Gold Fields during the fourth quarter worth about $231,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Gold Fields during the fourth quarter worth about $108,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Up 7.0%

The business has a fifty day moving average price of $44.14 and a 200 day moving average price of $37.87.

Gold Fields Company Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.