Gold Fields (NYSE:GFI) PT Lowered to $13.50 at BMO Capital Markets

Gold Fields (NYSE:GFI) had its target price trimmed by BMO Capital Markets from $14.00 to $13.50 in a research report released on Friday morning, Benzinga reports. The brokerage currently has an underperform rating on the stock.

GFI has been the topic of a number of other reports. Scotiabank reduced their price target on shares of Gold Fields from $18.00 to $17.00 and set a sector perform rating on the stock in a research report on Friday. JPMorgan Chase & Co. boosted their target price on Gold Fields from $17.00 to $18.00 and gave the stock a neutral rating in a report on Tuesday, May 28th. StockNews.com upgraded Gold Fields from a hold rating to a buy rating in a research report on Thursday, March 28th. Finally, UBS Group cut shares of Gold Fields from a buy rating to a neutral rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $16.17.

Gold Fields Trading Up 0.3 %

NYSE:GFI opened at $13.54 on Friday. 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 52-week low of $10.31 and a 52-week high of $18.97. The stock’s fifty day moving average price is $16.48 and its two-hundred day moving average price is $15.13.

Hedge Funds Weigh In On Gold Fields

Hedge funds and other institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank increased its stake in Gold Fields by 2.9% during the 1st quarter. Toronto Dominion Bank now owns 257,294 shares of the company’s stock valued at $4,088,000 after purchasing an additional 7,294 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Gold Fields by 33.0% during the first quarter. Advisors Asset Management Inc. now owns 104,117 shares of the company’s stock valued at $1,654,000 after buying an additional 25,838 shares during the period. National Bank of Canada FI increased its holdings in shares of Gold Fields by 2.7% in the first quarter. National Bank of Canada FI now owns 1,656,644 shares of the company’s stock worth $28,063,000 after purchasing an additional 43,571 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Gold Fields by 21.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 88,099 shares of the company’s stock worth $1,400,000 after purchasing an additional 15,326 shares during the last quarter. Finally, South Street Advisors LLC bought a new stake in shares of Gold Fields during the 1st quarter worth $9,260,000. Institutional investors and hedge funds own 26.02% 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.