Gold Fields (NYSE:GFI) Price Target Raised to $20.00

Gold Fields (NYSE:GFI) had its target price hoisted by Scotiabank from $18.00 to $20.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a sector perform rating on the stock.

Several other research analysts also recently commented on the company. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Gold Fields presently has an average rating of “Moderate Buy” and a consensus target price of $17.20.

Gold Fields Stock Performance

GFI stock opened at $18.39 on Tuesday. The company has a market capitalization of $16.46 billion, a P/E ratio of 7.83, a PEG ratio of 0.30 and a beta of 1.15. The company has a fifty day moving average price of $16.32 and a 200-day moving average price of $15.60. Gold Fields has a 52-week low of $12.34 and a 52-week high of $19.80.

Institutional Trading of Gold Fields

A number of large investors have recently bought and sold shares of the business. Van ECK Associates Corp boosted its position in shares of Gold Fields by 3.3% during the 3rd quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock valued at $744,566,000 after purchasing an additional 1,549,372 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Gold Fields by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock worth $94,492,000 after buying an additional 580,546 shares in the last quarter. Amundi boosted its holdings in shares of Gold Fields by 7.3% during the 4th quarter. Amundi now owns 3,107,369 shares of the company’s stock worth $44,684,000 after buying an additional 211,333 shares in the last quarter. American Century Companies Inc. grew its position in shares of Gold Fields by 6.4% during the 4th quarter. American Century Companies Inc. now owns 2,976,004 shares of the company’s stock worth $39,283,000 after buying an additional 178,973 shares during the period. Finally, RWC Asset Management LLP increased its stake in shares of Gold Fields by 9.2% in the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company’s stock valued at $35,784,000 after acquiring an additional 227,704 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.