Gold Fields (NYSE:GFI) Price Target Raised to $20.00

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

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

Gold Fields Stock Down 3.8 %

GFI stock opened at $18.39 on Tuesday. The firm has a market capitalization of $16.46 billion, a PE ratio of 7.83, a P/E/G ratio of 0.30 and a beta of 1.15. Gold Fields has a twelve month low of $12.34 and a twelve month high of $19.80. The stock’s 50 day moving average is $16.32 and its 200-day moving average is $15.60.

Institutional Investors Weigh In On Gold Fields

Several large investors have recently made changes to their positions in GFI. International Assets Investment Management LLC bought a new position in Gold Fields during the third quarter valued at about $10,600,000. Assenagon Asset Management S.A. bought a new stake in Gold Fields in the third quarter worth about $613,000. DekaBank Deutsche Girozentrale boosted its stake in Gold Fields by 1.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company’s stock valued at $1,929,000 after acquiring an additional 2,300 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Gold Fields by 3.3% during the 3rd quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock valued at $744,566,000 after acquiring an additional 1,549,372 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in shares of Gold Fields during the 3rd quarter worth approximately $160,000. 24.81% of the stock is owned by hedge funds and other 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.