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

Gold Fields Limited (NYSE:GFI) gapped up before the market opened on Tuesday . The stock had previously closed at $18.41, but opened at $18.85. Gold Fields shares last traded at $18.54, with a volume of 653,431 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st. Scotiabank lifted their price target on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price target on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Four research 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.20.

Gold Fields Stock Performance

The firm has a market cap of $16.95 billion, a PE ratio of 8.06, a PEG ratio of 0.30 and a beta of 1.15. The firm has a fifty day simple moving average of $16.51 and a two-hundred day simple moving average of $15.64.

Hedge Funds Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently made changes to their positions in GFI. QRG Capital Management Inc. bought a new position in shares of Gold Fields in the 3rd quarter worth $160,000. Concurrent Investment Advisors LLC boosted its holdings in shares of Gold Fields by 8.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after buying an additional 850 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Gold Fields in the 3rd quarter worth approximately $1,052,000. Rakuten Securities Inc. boosted its holdings in Gold Fields by 90.7% in the third quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock worth $254,000 after acquiring an additional 7,879 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in Gold Fields by 49.7% in the 3rd quarter. Metis Global Partners LLC now owns 43,238 shares of the company’s stock worth $664,000 after purchasing an additional 14,352 shares in the last quarter. Institutional investors own 24.81% of the company’s stock.

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.