Gold Fields (NYSE:GFI) Shares Gap Up to $15.29

Gold Fields Limited (NYSE:GFI) shares gapped up prior to trading on Friday . The stock had previously closed at $15.29, but opened at $16.04. Gold Fields shares last traded at $16.03, with a volume of 781,847 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Scotiabank lowered their target price on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Friday, June 14th. JPMorgan Chase & Co. reduced their price objective on Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a research report on Wednesday. BMO Capital Markets raised Gold Fields from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $13.50 to $14.00 in a report on Wednesday, June 26th. Finally, UBS Group lowered Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Gold Fields presently has an average rating of “Hold” and a consensus price target of $15.90.

Gold Fields Price Performance

The stock has a fifty day simple moving average of $15.71 and a 200 day simple moving average of $15.11. The company has a quick ratio of 0.70, a current ratio of 1.25 and a debt-to-equity ratio of 0.22.

Institutional Investors Weigh In On Gold Fields

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new position in shares of Gold Fields in the 4th quarter worth $26,000. Tower Research Capital LLC TRC boosted its position in Gold Fields by 133.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,673 shares of the company’s stock worth $68,000 after purchasing an additional 2,668 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Gold Fields by 51.7% during the 4th quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock valued at $71,000 after purchasing an additional 1,662 shares during the period. Cerity Partners LLC purchased a new stake in shares of Gold Fields during the 4th quarter valued at about $149,000. Finally, Symmetry Partners LLC bought a new position in shares of Gold Fields in the 4th quarter worth approximately $150,000. Hedge funds and other institutional investors own 26.02% of the company’s stock.

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.