Gold Fields (NYSE:GFI) Shares Gap Up to $15.96

Gold Fields Limited (NYSE:GFI)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $15.96, but opened at $16.59. Gold Fields shares last traded at $16.66, with a volume of 515,997 shares changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on GFI. Scotiabank decreased their price target on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Friday, June 14th. JPMorgan Chase & Co. decreased their price target on Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. BMO Capital Markets upgraded Gold Fields from an “underperform” rating to a “market perform” rating and raised their price target for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. Finally, UBS Group cut Gold Fields from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Gold Fields currently has an average rating of “Hold” and a consensus target price of $15.90.

Gold Fields Trading Up 6.1 %

The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. The stock has a fifty day simple moving average of $15.59 and a 200-day simple moving average of $15.11.

Hedge Funds Weigh In On Gold Fields

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC bought a new position in shares of Gold Fields during the 4th quarter valued at about $26,000. Tower Research Capital LLC TRC raised its position in Gold Fields by 133.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,673 shares of the company’s stock valued at $68,000 after buying an additional 2,668 shares during the last quarter. Parallel Advisors LLC raised its position in Gold Fields by 51.7% in the 4th quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock valued at $71,000 after buying an additional 1,662 shares during the last quarter. Cerity Partners LLC acquired a new stake in Gold Fields in the 4th quarter valued at approximately $149,000. Finally, Symmetry Partners LLC acquired a new stake in Gold Fields in the 4th quarter valued at approximately $150,000. Institutional investors own 26.02% 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.