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

Gold Fields (NYSE:GFI) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. upped their price objective on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Scotiabank upped their price objective on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

Gold Fields Trading Down 3.0 %

GFI stock opened at $20.13 on Friday. The stock has a market capitalization of $18.02 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. Gold Fields has a 12-month low of $12.98 and a 12-month high of $20.83. The stock’s 50 day simple moving average is $17.67 and its 200 day simple moving average is $15.90.

Hedge Funds Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of Gold Fields by 0.5% during the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock valued at $1,388,000 after buying an additional 573 shares during the period. Rhumbline Advisers raised its holdings in Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after purchasing an additional 720 shares during the period. Edmond DE Rothschild Holding S.A. raised its holdings in Gold Fields by 3.4% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company’s stock worth $638,000 after purchasing an additional 1,583 shares during the period. Signaturefd LLC raised its holdings in Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after purchasing an additional 1,656 shares during the period. Finally, US Bancorp DE raised its holdings in Gold Fields by 18.9% in the 4th quarter. US Bancorp DE now owns 11,484 shares of the company’s stock worth $152,000 after purchasing an additional 1,829 shares during the period. 24.81% of the stock is owned by institutional investors.

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.