Gold Fields (NYSE:GFI) Sets New 12-Month High – What’s Next?

Gold Fields Limited (NYSE:GFI) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $19.02 and last traded at $18.95, with a volume of 743925 shares changing hands. The stock had previously closed at $18.63.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Finally, Investec raised Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.45.

Gold Fields Price Performance

The business has a 50 day moving average price of $14.89 and a two-hundred day moving average price of $15.32.

Institutional Investors Weigh In On Gold Fields

Hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC increased its position in Gold Fields by 8.0% during the second quarter. AQR Capital Management LLC now owns 49,462 shares of the company’s stock valued at $737,000 after acquiring an additional 3,673 shares during the last quarter. Creative Planning grew its holdings in Gold Fields by 15.2% during the 2nd quarter. Creative Planning now owns 54,242 shares of the company’s stock worth $808,000 after acquiring an additional 7,155 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Gold Fields by 107.7% during the third quarter. SG Americas Securities LLC now owns 61,847 shares of the company’s stock worth $949,000 after buying an additional 32,070 shares during the period. Atomi Financial Group Inc. raised its holdings in Gold Fields by 17.0% in the third quarter. Atomi Financial Group Inc. now owns 19,139 shares of the company’s stock worth $294,000 after purchasing an additional 2,779 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Gold Fields by 20.0% during the third quarter. Blue Trust Inc. now owns 65,565 shares of the company’s stock valued at $977,000 after acquiring an additional 10,908 shares during the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

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.