Gold Fields (NYSE:GFI) Given New $54.00 Price Target at Royal Bank Of Canada

Gold Fields (NYSE:GFI) had its price objective lifted by stock analysts at Royal Bank Of Canada from $49.00 to $54.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 27.06% from the stock’s current price.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. decreased their target price on Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Scotiabank dropped their price target on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Gold Fields in a report on Monday, August 31st. Wall Street Zen downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Zacks Research cut shares of Gold Fields from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $55.05.

Gold Fields Trading Down 1.0%

Shares of NYSE:GFI traded down $0.41 during midday trading on Wednesday, reaching $42.50. 1,649,267 shares of the company’s stock traded hands, compared to its average volume of 3,542,749. The company has a current ratio of 1.87, a quick ratio of 1.33 and a debt-to-equity ratio of 0.27. Gold Fields has a one year low of $31.11 and a one year high of $61.64. The stock has a 50 day moving average of $39.68 and a 200 day moving average of $41.68.

Institutional Investors Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently made changes to their positions in GFI. Blue Trust Inc. boosted its position in Gold Fields by 4.5% in the 1st quarter. Blue Trust Inc. now owns 4,957 shares of the company’s stock valued at $225,000 after buying an additional 215 shares during the period. Manning & Napier Advisors LLC increased its position in shares of Gold Fields by 0.3% during the first quarter. Manning & Napier Advisors LLC now owns 79,680 shares of the company’s stock worth $3,617,000 after acquiring an additional 241 shares during the period. SmartHarvest Portfolios LLC raised its stake in shares of Gold Fields by 5.9% during the first quarter. SmartHarvest Portfolios LLC now owns 4,868 shares of the company’s stock valued at $221,000 after acquiring an additional 273 shares in the last quarter. Allworth Financial LP raised its stake in shares of Gold Fields by 11.8% during the second quarter. Allworth Financial LP now owns 2,631 shares of the company’s stock valued at $88,000 after acquiring an additional 277 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Gold Fields by 0.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 55,520 shares of the company’s stock valued at $2,424,000 after purchasing an additional 320 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Company Profile

Gold Fields Limited is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and other gold-bearing products for refining and sale. Its portfolio also includes limited by-product production, such as copper and silver, at certain operations.

Gold Fields operates mines and development projects across Africa, Australia and the Americas. Its assets include the South Deep mine in South Africa; Tarkwa and the Damang complex in Ghana; St Ives, Agnew and Granny Smith in Western Australia; Cerro Corona in Peru; and Salares Norte in Chile.