Gold Fields (NYSE:GFI) Shares Gap Up – What’s Next?

Gold Fields Limited (NYSE:GFI)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $15.82, but opened at $16.41. Gold Fields shares last traded at $16.26, with a volume of 1,091,906 shares changing hands.

Wall Street Analyst Weigh In

GFI has been the topic of a number of analyst reports. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. raised their price target on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Gold Fields presently has an average rating of “Hold” and a consensus target price of $16.45.

Gold Fields Price Performance

The company has a 50 day moving average of $14.30 and a 200 day moving average of $15.24.

Hedge Funds Weigh In On Gold Fields

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GFI. SG Americas Securities LLC raised its holdings in Gold Fields by 42.3% during the 4th quarter. SG Americas Securities LLC now owns 87,990 shares of the company’s stock worth $1,161,000 after purchasing an additional 26,143 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of Gold Fields by 10.5% during the fourth quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company’s stock worth $279,000 after buying an additional 2,014 shares during the last quarter. Range Financial Group LLC bought a new stake in shares of Gold Fields during the fourth quarter worth approximately $770,000. CWA Asset Management Group LLC lifted its holdings in Gold Fields by 13.5% in the fourth quarter. CWA Asset Management Group LLC now owns 77,825 shares of the company’s stock valued at $1,027,000 after buying an additional 9,261 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Gold Fields by 70.0% in the third quarter. Franklin Resources Inc. now owns 37,129 shares of the company’s stock valued at $579,000 after acquiring an additional 15,289 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

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.