Gold Fields (NYSE:GFI) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of Gold Fields (NYSE:GFI) from a buy rating to a strong-buy rating in a report issued on Friday morning.

Separately, JPMorgan Chase & Co. lifted their price target on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.45.

Gold Fields Stock Down 2.8 %

Shares of Gold Fields stock opened at $18.67 on Friday. Gold Fields has a one year low of $12.28 and a one year high of $19.80. The business has a 50-day simple moving average of $15.83 and a 200 day simple moving average of $15.50.

Institutional Trading of Gold Fields

Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in shares of Gold Fields by 3.3% during the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock valued at $744,566,000 after buying an additional 1,549,372 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Gold Fields by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after acquiring an additional 580,546 shares in the last quarter. Amundi increased its holdings in 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 acquiring an additional 211,333 shares during the period. American Century Companies Inc. lifted its stake in Gold Fields by 6.4% in the 4th quarter. American Century Companies Inc. now owns 2,976,004 shares of the company’s stock worth $39,283,000 after purchasing an additional 178,973 shares in the last quarter. Finally, RWC Asset Management LLP boosted its holdings in 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 purchasing an additional 227,704 shares during the period. Hedge funds and other institutional investors own 24.81% 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.