Gold Fields (NYSE:GFI) Upgraded at StockNews.com

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

Separately, 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 report on Wednesday, January 15th. Four equities 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 currently has a consensus rating of “Moderate Buy” and an average target price of $16.45.

Gold Fields Trading Down 2.8 %

Shares of NYSE:GFI opened at $18.67 on Friday. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 0.30 and a beta of 1.15. The firm’s 50-day moving average is $15.92 and its 200 day moving average is $15.50. Gold Fields has a 12 month low of $12.28 and a 12 month high of $19.80.

Institutional Investors Weigh In On Gold Fields

A number of institutional investors and hedge funds have recently modified their holdings of the company. FCA Corp TX purchased a new position in Gold Fields during the 4th quarter worth approximately $108,000. Net Worth Advisory Group purchased a new stake in shares of Gold Fields in the fourth quarter worth about $136,000. Signaturefd LLC grew its holdings in Gold Fields by 19.1% during the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after acquiring an additional 1,656 shares during the period. QRG Capital Management Inc. purchased a new position in Gold Fields during the third quarter valued at approximately $160,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Gold Fields during the fourth quarter valued at approximately $139,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

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.