Gold Fields (NYSE:GFI) Given New $18.00 Price Target at Scotiabank

Gold Fields (NYSE:GFI) had its price objective increased by Scotiabank from $17.00 to $18.00 in a report released on Monday morning, Benzinga reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also recently weighed in on the company. BMO Capital Markets raised Gold Fields from an underperform rating to a market perform rating and lifted their price objective for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. StockNews.com raised Gold Fields from a hold rating to a buy rating in a research note on Tuesday, August 13th. Finally, JPMorgan Chase & Co. reduced their price objective 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $16.23.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $15.76 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.25 and a debt-to-equity ratio of 0.22. Gold Fields has a 12-month low of $10.31 and a 12-month high of $18.97. The company’s 50 day moving average price is $15.78 and its two-hundred day moving average price is $15.64. The firm has a market cap of $14.11 billion, a PE ratio of 7.76 and a beta of 1.16.

Institutional Trading of Gold Fields

Several institutional investors and hedge funds have recently modified their holdings of GFI. Creative Planning grew its position in Gold Fields by 15.2% in the second quarter. Creative Planning now owns 54,242 shares of the company’s stock valued at $808,000 after acquiring an additional 7,155 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Gold Fields by 28.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock valued at $38,878,000 after purchasing an additional 581,730 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Gold Fields by 8.0% during the 2nd quarter. AQR Capital Management LLC now owns 49,462 shares of the company’s stock valued at $737,000 after purchasing an additional 3,673 shares during the last quarter. Marshall Wace LLP acquired a new position in Gold Fields during the 2nd quarter worth approximately $1,898,000. Finally, Sei Investments Co. lifted its stake in Gold Fields by 258.0% in the 2nd quarter. Sei Investments Co. now owns 440,848 shares of the company’s stock valued at $6,569,000 after purchasing an additional 317,719 shares during the last quarter. 26.02% of the stock is currently 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.