Gold Fields (NYSE:GFI) Reaches New 12-Month High – Time to Buy?

Gold Fields Limited (NYSE:GFI) hit a new 52-week high on Thursday . The stock traded as high as $19.75 and last traded at $19.57, with a volume of 1266351 shares. The stock had previously closed at $18.85.

Analysts Set New Price Targets

Several equities analysts have issued reports on GFI shares. StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the 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 Stock Up 4.5 %

The company’s 50 day moving average is $15.74 and its 200 day moving average is $15.47.

Institutional Investors Weigh In On Gold Fields

Institutional investors have recently modified their holdings of the company. FCA Corp TX purchased a new stake in Gold Fields during the fourth quarter worth $108,000. Net Worth Advisory Group purchased a new stake in shares of Gold Fields in the fourth quarter valued at about $136,000. Signaturefd LLC grew its position in shares of Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after purchasing an additional 1,656 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Gold Fields during the 3rd quarter worth approximately $160,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Gold Fields during the 4th quarter worth approximately $139,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.

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.