Gold Fields (NYSE:GFI) Hits New 52-Week High – Still a Buy?

Gold Fields Limited (NYSE:GFI)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $26.36 and last traded at $26.11, with a volume of 611360 shares. The stock had previously closed at $25.04.

Analyst Ratings Changes

Several research firms have issued reports on GFI. Wall Street Zen cut Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Friday, May 30th. HSBC reaffirmed a “hold” rating and set a $21.00 target price on shares of Gold Fields in a research report on Thursday, April 17th. Hsbc Global Res raised Gold Fields to a “hold” rating in a research note on Thursday, April 17th. Finally, Scotiabank boosted their price objective on Gold Fields from $20.00 to $23.00 and gave the stock a “sector perform” rating in a report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.56.

Gold Fields Price Performance

The firm has a market cap of $22.03 billion, a PE ratio of 10.47, a P/E/G ratio of 0.30 and a beta of 0.57. The business has a fifty day moving average price of $22.52 and a two-hundred day moving average price of $18.84.

Hedge Funds Weigh In On Gold Fields

Several institutional investors and hedge funds have recently bought and sold shares of GFI. ABC Arbitrage SA acquired a new stake in shares of Gold Fields during the fourth quarter worth approximately $1,641,000. Raymond James Financial Inc. acquired a new stake in shares of Gold Fields during the 4th quarter valued at $362,000. Rhumbline Advisers grew its holdings in shares of Gold Fields by 4.3% during the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after acquiring an additional 720 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Gold Fields by 8.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company’s stock worth $21,194,000 after acquiring an additional 122,247 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Gold Fields in the fourth quarter worth $2,475,000. Hedge funds and other institutional investors own 24.81% 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.