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

Gold Fields (NYSE:GFI) had its price target upped by Scotiabank from $18.00 to $20.00 in a research report released on Tuesday,Benzinga reports. They currently have a sector perform rating on the stock.

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

Gold Fields Trading Down 2.7 %

Gold Fields stock opened at $18.77 on Tuesday. Gold Fields has a 12-month low of $12.28 and a 12-month high of $19.80. The firm has a 50-day moving average price of $16.02 and a 200-day moving average price of $15.53. The firm has a market capitalization of $16.80 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 0.30 and a beta of 1.15.

Hedge Funds Weigh In On Gold Fields

A number of hedge funds have recently added to or reduced their stakes in the stock. FCA Corp TX purchased a new stake in shares of Gold Fields in the fourth quarter valued at approximately $108,000. Net Worth Advisory Group bought a new stake in Gold Fields during the 4th quarter valued at $136,000. Signaturefd LLC lifted its holdings in shares of Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after buying an additional 1,656 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Gold Fields during the 4th quarter worth $139,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Gold Fields during the fourth quarter valued at $141,000. 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.