Gold Fields (NYSE:GFI) Stock Price Up 5.1% – Here’s Why

Shares of Gold Fields Limited (NYSE:GFI) rose 5.1% during mid-day trading on Monday . The company traded as high as $56.94 and last traded at $56.85. Approximately 1,481,372 shares were traded during trading, a decline of 57% from the average daily volume of 3,453,109 shares. The stock had previously closed at $54.09.

Wall Street Analyst Weigh In

A number of research firms recently commented on GFI. Royal Bank Of Canada dropped their price objective on Gold Fields to $45.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. JPMorgan Chase & Co. boosted their target price on shares of Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Scotiabank increased their price target on Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $44.00.

Gold Fields Trading Up 5.1%

The stock has a 50-day moving average price of $49.77 and a 200 day moving average price of $42.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC bought a new stake in Gold Fields during the second quarter worth $26,000. Country Trust Bank bought a new stake in Gold Fields during the 2nd quarter worth approximately $26,000. CIBC Private Wealth Group LLC increased its holdings 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 worth $36,000 after buying an additional 273 shares during the last quarter. Archer Investment Corp purchased a new position in shares of Gold Fields during the third quarter worth approximately $42,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in shares of Gold Fields in the third quarter worth approximately $45,000. Institutional investors own 24.81% of the company’s stock.

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.