Gold Fields (NYSE:GFI) Shares Up 4.1% – What’s Next?

Gold Fields Limited (NYSE:GFI) shares rose 4.1% during trading on Monday . The stock traded as high as $17.69 and last traded at $17.63. Approximately 1,278,464 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 2,519,823 shares. The stock had previously closed at $16.93.

Analyst Ratings Changes

GFI has been the topic of several analyst reports. Investec raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. StockNews.com downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lifted their price target on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.45.

Gold Fields Stock Up 2.7 %

The firm has a 50 day moving average price of $14.74 and a 200-day moving average price of $15.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. purchased a new position in shares of Gold Fields during the 3rd quarter valued at about $160,000. Concurrent Investment Advisors LLC raised its position in Gold Fields by 8.3% during the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after acquiring an additional 850 shares in the last quarter. US Bancorp DE lifted its holdings in Gold Fields by 18.9% in the fourth quarter. US Bancorp DE now owns 11,484 shares of the company’s stock valued at $152,000 after acquiring an additional 1,829 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Gold Fields in the 3rd quarter worth approximately $209,000. Finally, Rakuten Securities Inc. grew its stake in shares of Gold Fields by 90.7% during the 3rd quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock worth $254,000 after purchasing an additional 7,879 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

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.