Gold Fields (NYSE:GFI) Coverage Initiated at Bank of America

Analysts at Bank of America began coverage on shares of Gold Fields (NYSE:GFI) in a research report issued to clients and investors on Monday, StockNewsAPI reports. The brokerage set a “buy” rating and a $16.00 price target on the stock. Bank of America‘s target price suggests a potential upside of 10.27% from the stock’s current price.

Several other equities analysts also recently weighed in on GFI. BMO Capital Markets upgraded Gold Fields from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $13.50 to $14.00 in a research report on Wednesday, June 26th. JPMorgan Chase & Co. decreased their target price on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Scotiabank dropped their price target on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. Finally, StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.93.

Gold Fields Trading Up 2.1 %

GFI traded up $0.30 during trading on Monday, hitting $14.51. The company’s stock had a trading volume of 996,756 shares, compared to its average volume of 3,809,978. Gold Fields has a one year low of $10.31 and a one year high of $18.97. The business’s 50 day simple moving average is $15.50 and its 200-day simple moving average is $15.73. The company has a quick ratio of 0.70, a current ratio of 1.77 and a debt-to-equity ratio of 0.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ballentine Partners LLC raised its stake in Gold Fields by 6.9% during the first quarter. Ballentine Partners LLC now owns 14,017 shares of the company’s stock valued at $223,000 after purchasing an additional 901 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Gold Fields by 10.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock valued at $172,000 after buying an additional 1,090 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Gold Fields by 10.3% in the 4th quarter. QRG Capital Management Inc. now owns 11,802 shares of the company’s stock valued at $171,000 after acquiring an additional 1,101 shares during the last quarter. GAMMA Investing LLC grew its position in Gold Fields by 78.4% in the first quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock worth $49,000 after acquiring an additional 1,361 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Gold Fields by 51.7% during the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock worth $71,000 after acquiring an additional 1,662 shares during the last quarter. 26.02% of the stock is currently owned by 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.