Gold Fields (NYSE:GFI) Price Target Raised to $11.50 at BMO Capital Markets

Gold Fields (NYSE:GFIGet Rating) had its target price increased by BMO Capital Markets from $10.50 to $11.50 in a report released on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 3.98% from the stock’s current price.

Separately, downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from, the stock presently has a consensus rating of “Hold” and an average price target of $13.40.

Gold Fields Stock Up 2.4 %

Shares of Gold Fields stock opened at $11.06 on Wednesday. Gold Fields has a 52 week low of $7.03 and a 52 week high of $17.20. The company has a 50 day moving average price of $8.66 and a 200 day moving average price of $9.20.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GFI. Captrust Financial Advisors raised its stake in shares of Gold Fields by 100.8% during the 2nd quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock valued at $25,000 after buying an additional 1,376 shares during the last quarter. Larson Financial Group LLC acquired a new position in shares of Gold Fields in the 2nd quarter valued at $35,000. Twin Lakes Capital Management LLC purchased a new stake in shares of Gold Fields during the 3rd quarter worth about $35,000. Chiron Investment Management LLC acquired a new position in shares of Gold Fields during the 1st quarter worth approximately $68,000. Finally, Financial Advocates Investment Management acquired a new stake in shares of Gold Fields in the third quarter valued at about $339,000. Hedge funds and other institutional investors own 26.34% of the company’s stock.

About Gold Fields

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Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces.

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Analyst Recommendations for Gold Fields (NYSE:GFI)

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