Gold Fields (NYSE:GFI) Stock Price Expected to Rise, Scotiabank Analyst Says

Gold Fields (NYSE:GFI) had its price objective lifted by equities research analysts at Scotiabank from $18.00 to $20.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 4.66% from the stock’s previous close.

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

Gold Fields Trading Up 1.8 %

Shares of GFI stock opened at $19.11 on Tuesday. Gold Fields has a 1 year low of $12.34 and a 1 year high of $19.80. The firm’s 50 day moving average is $16.23 and its 200-day moving average is $15.58. The firm has a market capitalization of $17.10 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 0.30 and a beta of 1.15.

Institutional Trading of Gold Fields

A number of hedge funds have recently modified their holdings of GFI. HighTower Advisors LLC increased its position in Gold Fields by 0.5% during the fourth quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock worth $1,388,000 after acquiring an additional 573 shares during the period. Rhumbline Advisers increased its position in Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after acquiring an additional 720 shares during the period. Concurrent Investment Advisors LLC increased its position in Gold Fields by 8.3% during the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after acquiring an additional 850 shares during the period. Edmond DE Rothschild Holding S.A. increased its position in Gold Fields by 3.4% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company’s stock worth $638,000 after acquiring an additional 1,583 shares during the period. Finally, Signaturefd LLC increased its holdings in Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after buying an additional 1,656 shares during the period. Institutional investors and hedge funds 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.