StockNews.com Upgrades Gold Fields (NYSE:GFI) to “Strong-Buy”

Gold Fields (NYSE:GFI) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

Several other equities analysts also recently commented on the stock. JPMorgan Chase & Co. upped 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. Scotiabank lifted their target price on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Gold Fields Trading Up 4.7 %

Shares of NYSE GFI opened at $24.49 on Thursday. The company has a market capitalization of $21.92 billion, a P/E ratio of 10.42, a P/E/G ratio of 0.30 and a beta of 0.92. Gold Fields has a 12 month low of $12.98 and a 12 month high of $25.01. The stock has a 50 day moving average of $20.23 and a 200-day moving average of $17.00.

Institutional Investors Weigh In On Gold Fields

Institutional investors have recently modified their holdings of the business. Amundi increased its position in Gold Fields by 7.3% during the fourth quarter. Amundi now owns 3,107,369 shares of the company’s stock worth $44,684,000 after acquiring an additional 211,333 shares during the period. American Century Companies Inc. grew its position in shares of Gold Fields by 6.4% during the 4th quarter. American Century Companies Inc. now owns 2,976,004 shares of the company’s stock worth $39,283,000 after purchasing an additional 178,973 shares in the last quarter. RWC Asset Management LLP increased its holdings in shares of Gold Fields by 9.2% during the fourth quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company’s stock worth $35,784,000 after purchasing an additional 227,704 shares during the period. DJE Kapital AG acquired a new stake in shares of Gold Fields in the fourth quarter valued at approximately $33,486,000. Finally, Schroder Investment Management Group boosted its stake in shares of Gold Fields by 11.3% in the fourth quarter. Schroder Investment Management Group now owns 2,164,906 shares of the company’s stock valued at $28,490,000 after buying an additional 219,254 shares during the period. Institutional investors 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.