Gold Fields (NYSE:GFI) Trading 4.1% Higher – Here’s Why

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. upped their target price on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Finally, StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.45.

Gold Fields Price Performance

The stock’s 50 day moving average is $14.63 and its two-hundred day moving average is $15.27.

Institutional Trading of Gold Fields

Large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. bought a new stake in Gold Fields during the third quarter worth about $160,000. Concurrent Investment Advisors LLC lifted its position in shares of Gold Fields by 8.3% during the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after purchasing an additional 850 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Gold Fields during the third quarter worth approximately $209,000. Rakuten Securities Inc. lifted its position in shares of Gold Fields by 90.7% during the third quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock worth $254,000 after purchasing an additional 7,879 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after purchasing an additional 720 shares in the last quarter. 24.81% of the stock is owned by 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.