Gold Fields (NYSE:GFI) Hits New 12-Month High – Here’s What Happened

Shares of Gold Fields Limited (NYSE:GFI) reached a new 52-week high during trading on Monday . The stock traded as high as $57.50 and last traded at $57.36, with a volume of 1092801 shares trading hands. The stock had previously closed at $53.22.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Investec lowered Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. boosted their price objective on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Zacks Research lowered Gold Fields from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research report on Thursday. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $44.00.

Gold Fields Price Performance

The business’s 50-day simple moving average is $44.78 and its two-hundred day simple moving average is $38.46.

Hedge Funds Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its stake in shares of Gold Fields by 519.0% during the fourth quarter. CWM LLC now owns 12,912 shares of the company’s stock worth $564,000 after purchasing an additional 10,826 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Gold Fields by 18.5% in the 4th quarter. Farther Finance Advisors LLC now owns 12,562 shares of the company’s stock worth $548,000 after buying an additional 1,959 shares during the last quarter. Bingham Private Wealth LLC purchased a new stake in Gold Fields during the 4th quarter worth approximately $200,000. Assetmark Inc. increased its stake in Gold Fields by 27.5% during the 4th quarter. Assetmark Inc. now owns 4,941 shares of the company’s stock worth $216,000 after buying an additional 1,067 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Gold Fields by 39.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after acquiring an additional 1,714,442 shares during the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Company Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.