Gold Fields (NYSE:GFI) Upgraded at StockNews.com

Gold Fields (NYSE:GFI) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

A number of other research firms have also weighed in on GFI. Scotiabank boosted 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. JPMorgan Chase & Co. increased their price objective on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Four investment 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Gold Fields Trading Up 7.5 %

NYSE:GFI opened at $21.55 on Thursday. The stock’s 50-day moving average is $19.97 and its 200-day moving average is $16.89. Gold Fields has a 1-year low of $12.98 and a 1-year high of $23.02. The stock has a market cap of $19.29 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 0.30 and a beta of 0.92.

Hedge Funds Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its position in shares of Gold Fields by 24.1% in the 1st quarter. Parallel Advisors LLC now owns 6,695 shares of the company’s stock worth $148,000 after acquiring an additional 1,298 shares in the last quarter. GAMMA Investing LLC grew its stake in Gold Fields by 2,572.5% during the first quarter. GAMMA Investing LLC now owns 82,661 shares of the company’s stock worth $1,826,000 after purchasing an additional 79,568 shares during the period. Wellington Management Group LLP bought a new stake in Gold Fields in the fourth quarter worth approximately $2,886,000. Fairtree Asset Management Pty Ltd acquired a new position in Gold Fields in the fourth quarter valued at approximately $911,000. Finally, PKO Investment Management Joint Stock Co acquired a new stake in shares of Gold Fields during the 4th quarter worth approximately $5,346,000. Institutional investors and hedge funds 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.