Gold Fields (NYSE:GFI) Price Target Cut to $17.00

Gold Fields (NYSE:GFI) had its target price cut by equities researchers at Scotiabank from $18.00 to $17.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 25.55% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. StockNews.com upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. upped their price objective on shares of Gold Fields from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Finally, UBS Group downgraded shares of Gold Fields from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Gold Fields presently has a consensus rating of “Hold” and an average price target of $16.17.

Gold Fields Trading Up 0.3 %

Shares of GFI opened at $13.54 on Friday. The stock’s 50-day simple moving average is $16.48 and its 200 day simple moving average is $15.13. Gold Fields has a 52-week low of $10.31 and a 52-week high of $18.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 0.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in Gold Fields during the fourth quarter valued at about $26,000. Tower Research Capital LLC TRC raised its position in shares of Gold Fields by 133.1% during the fourth 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 lifted its stake in Gold Fields by 51.7% in the 4th quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock worth $71,000 after purchasing an additional 1,662 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Gold Fields in the fourth quarter worth about $149,000. Finally, Symmetry Partners LLC bought a new position in shares of Gold Fields during the 4th quarter valued at approximately $150,000. 26.02% of the stock is owned by hedge funds and other institutional investors.

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.