Gold Fields (NYSE:GFI) Trading 4.1% Higher – Time to Buy?

Gold Fields Limited (NYSE:GFI) shares were up 4.1% during trading on Monday . The company traded as high as $17.69 and last traded at $17.63. Approximately 1,278,464 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 2,519,823 shares. The stock had previously closed at $16.93.

Wall Street Analyst Weigh In

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

Gold Fields Stock Performance

The business’s 50 day simple moving average is $14.74 and its two-hundred day simple moving average is $15.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GFI. US Bancorp DE increased its holdings in Gold Fields by 18.9% in the 4th quarter. US Bancorp DE now owns 11,484 shares of the company’s stock worth $152,000 after buying an additional 1,829 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Gold Fields in the third quarter worth approximately $160,000. Concurrent Investment Advisors LLC raised its holdings in shares of Gold Fields by 8.3% during the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after purchasing an additional 850 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Gold Fields during the third quarter valued at approximately $209,000. Finally, Rhumbline Advisers boosted its holdings in Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after purchasing an additional 720 shares during the last quarter. 24.81% of the stock is owned by 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.