Gold Fields (NYSE:GFI) Raised to Strong-Buy at Wall Street Zen

Gold Fields (NYSE:GFI) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

A number of other research analysts have also recently issued reports on GFI. HSBC reaffirmed a “hold” rating and issued a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. Hsbc Global Res raised Gold Fields to a “hold” rating in a report on Thursday, April 17th. Finally, Scotiabank lifted their price objective on Gold Fields from $20.00 to $23.00 and gave the stock a “sector perform” rating in a report on Monday, April 14th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Gold Fields has an average rating of “Moderate Buy” and an average target price of $18.56.

Gold Fields Trading Up 4.8%

Shares of GFI opened at $23.09 on Thursday. Gold Fields has a twelve month low of $12.98 and a twelve month high of $25.52. The firm has a market capitalization of $20.67 billion, a P/E ratio of 9.83, a PEG ratio of 0.30 and a beta of 0.57. The firm’s 50-day moving average is $22.03 and its two-hundred day moving average is $18.21.

Hedge Funds Weigh In On Gold Fields

A number of large investors have recently modified their holdings of the company. HighTower Advisors LLC boosted its position in Gold Fields by 0.5% during the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock worth $1,388,000 after purchasing an additional 573 shares during the period. GAMMA Investing LLC grew its stake in shares of Gold Fields by 21.0% in the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company’s stock valued at $83,000 after buying an additional 649 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after buying an additional 720 shares in the last quarter. Bridgewater Advisors Inc. grew its stake in shares of Gold Fields by 4.9% in the first quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company’s stock valued at $441,000 after buying an additional 934 shares in the last quarter. Finally, Richardson Financial Services Inc. purchased a new position in Gold Fields in the 1st quarter worth approximately $26,000. 24.81% of the stock is currently 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.