Gold Fields (NYSE:GFI) Trading Up 5.1% – Still a Buy?

Gold Fields Limited (NYSE:GFI)’s share price traded up 5.1% on Monday . The stock traded as high as $56.94 and last traded at $56.85. 1,481,372 shares were traded during trading, a decline of 57% from the average session volume of 3,453,109 shares. The stock had previously closed at $54.09.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. Citigroup increased their price target on Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. boosted their price target on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Zacks Research raised shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Morgan Stanley downgraded shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Gold Fields has an average rating of “Hold” and a consensus target price of $44.00.

Gold Fields Trading Up 2.2%

The stock has a fifty day moving average of $50.56 and a two-hundred day moving average of $42.97.

Institutional Investors Weigh In On Gold Fields

Institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC raised its position in shares of Gold Fields by 47.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after purchasing an additional 273 shares in the last quarter. Archer Investment Corp bought a new stake in shares of Gold Fields in the third quarter worth $42,000. Cary Street Partners Investment Advisory LLC bought a new stake in Gold Fields in the third quarter valued at about $45,000. Bayforest Capital Ltd increased its stake in shares of Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after purchasing an additional 996 shares during the period. Finally, Country Trust Bank acquired a new position in shares of Gold Fields during the second quarter valued at approximately $26,000. 24.81% of the stock is currently 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.