Gold Fields (NYSE:GFI) Rating Increased to Strong-Buy at StockNews.com

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

Separately, JPMorgan Chase & Co. raised their target price on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.45.

Gold Fields Price Performance

Gold Fields stock traded down $0.53 during trading hours on Friday, reaching $18.67. The stock had a trading volume of 3,043,142 shares, compared to its average volume of 2,827,151. The company has a fifty day simple moving average of $15.83 and a 200-day simple moving average of $15.50. Gold Fields has a 52 week low of $12.28 and a 52 week high of $19.80.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of Gold Fields during the fourth quarter valued at about $570,000. Public Employees Retirement System of Ohio bought a new stake in Gold Fields during the 4th quarter valued at approximately $139,000. Two Sigma Investments LP boosted its position in Gold Fields by 61.1% during the 4th quarter. Two Sigma Investments LP now owns 64,256 shares of the company’s stock valued at $848,000 after acquiring an additional 24,365 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new position in shares of Gold Fields during the 4th quarter worth approximately $9,033,000. Finally, Quantinno Capital Management LP raised its position in shares of Gold Fields by 53.4% in the 4th quarter. Quantinno Capital Management LP now owns 32,527 shares of the company’s stock worth $429,000 after acquiring an additional 11,322 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.

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.