Gold Fields (NYSE:GFI) Reaches New 1-Year High – What’s Next?

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

Analyst Ratings Changes

Several brokerages recently weighed in on GFI. JPMorgan Chase & Co. raised their target price on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.45.

Gold Fields Stock Up 4.5 %

The firm’s 50 day simple moving average is $15.74 and its 200-day simple moving average is $15.47.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. FCA Corp TX purchased a new position in shares of Gold Fields during the fourth quarter worth approximately $108,000. Net Worth Advisory Group purchased a new position in Gold Fields during the 4th quarter worth $136,000. Signaturefd LLC increased its stake in 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 period. QRG Capital Management Inc. purchased a new stake in shares of Gold Fields in the third quarter valued at about $160,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Gold Fields during the fourth quarter worth about $139,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

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.