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

Gold Fields (NYSE:GFI) had its price objective increased by Scotiabank from $18.00 to $20.00 in a report published on Tuesday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

GFI has been the subject of a number of other reports. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Gold Fields has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Gold Fields Stock Performance

NYSE:GFI opened at $18.77 on Tuesday. The stock has a 50-day simple moving average of $16.02 and a two-hundred day simple moving average of $15.53. The firm has a market capitalization of $16.80 billion, a PE ratio of 7.99, a P/E/G ratio of 0.30 and a beta of 1.15. Gold Fields has a 52-week low of $12.28 and a 52-week high of $19.80.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GFI. HighTower Advisors LLC lifted its holdings in shares of Gold Fields by 0.5% in the fourth quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock worth $1,388,000 after buying an additional 573 shares in the last quarter. Rhumbline Advisers increased its holdings in Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after acquiring an additional 720 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in Gold Fields by 8.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after purchasing an additional 850 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Gold Fields by 3.4% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company’s stock valued at $638,000 after purchasing an additional 1,583 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Gold Fields by 19.1% during the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after purchasing an additional 1,656 shares in the last quarter. 24.81% of the stock is currently 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.