Gold Fields (NYSE:GFI) Shares Gap Up to $13.08

Shares of Gold Fields Limited (NYSE:GFI) gapped up before the market opened on Tuesday . The stock had previously closed at $13.08, but opened at $13.40. Gold Fields shares last traded at $13.64, with a volume of 621,577 shares changing hands.

Analyst Ratings Changes

A number of research firms have issued reports on GFI. JPMorgan Chase & Co. raised Gold Fields from an “underweight” rating to a “neutral” rating and set a $14.00 price target for the company in a research report on Thursday, October 12th. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 7th. Morgan Stanley cut Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, October 18th. Finally, Scotiabank cut their price objective on Gold Fields from $18.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Friday, August 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.83.

Gold Fields Price Performance

The company has a market capitalization of $12.26 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 2.09 and a beta of 1.01. The company has a fifty day moving average price of $12.68 and a 200 day moving average price of $13.69.

Hedge Funds Weigh In On Gold Fields

Several institutional investors have recently made changes to their positions in GFI. Captrust Financial Advisors grew its holdings in Gold Fields by 100.8% in the 2nd quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock worth $25,000 after buying an additional 1,376 shares in the last quarter. IFP Advisors Inc grew its holdings in Gold Fields by 900.0% in the 2nd quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $28,000 after buying an additional 1,800 shares in the last quarter. Money Concepts Capital Corp bought a new position in Gold Fields in the 4th quarter worth approximately $31,000. Bartlett & Co. LLC bought a new position in Gold Fields in the 3rd quarter worth approximately $49,000. Finally, Chiron Investment Management LLC bought a new position in Gold Fields in the 1st quarter worth approximately $68,000. 20.99% of the stock is 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, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.