Gold Fields (NYSE:GFI) Stock Price Up 3.8%

Gold Fields Limited (NYSE:GFI) rose 3.8% on Wednesday . The stock traded as high as $15.78 and last traded at $15.77. Approximately 445,591 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 3,809,072 shares. The stock had previously closed at $15.19.

Wall Street Analyst Weigh In

GFI has been the subject of a number of recent analyst reports. Scotiabank cut their target price on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Friday, June 14th. BMO Capital Markets raised shares of Gold Fields from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $13.50 to $14.00 in a research report on Wednesday, June 26th. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.90.

Gold Fields Trading Up 3.7 %

The firm has a 50-day moving average of $15.64 and a two-hundred day moving average of $15.58. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $14.98 billion, a P/E ratio of 7.95 and a beta of 1.16.

Hedge Funds Weigh In On Gold Fields

Several institutional investors and hedge funds have recently added to or reduced their stakes in GFI. Ballentine Partners LLC increased its holdings in shares of Gold Fields by 6.9% during the first quarter. Ballentine Partners LLC now owns 14,017 shares of the company’s stock worth $223,000 after buying an additional 901 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Gold Fields by 10.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after purchasing an additional 1,090 shares in the last quarter. QRG Capital Management Inc. raised its position in Gold Fields by 10.3% in the fourth quarter. QRG Capital Management Inc. now owns 11,802 shares of the company’s stock valued at $171,000 after purchasing an additional 1,101 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Gold Fields by 78.4% during the first quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock valued at $49,000 after purchasing an additional 1,361 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Gold Fields by 51.7% during the fourth 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 in the last quarter. 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.