RBC Dominion Securities Reiterates “$54.00” Price Target for Gold Fields (NYSE:GFI)

Gold Fields (NYSE:GFI) has been given a $54.00 target price by analysts at RBC Dominion Securities in a report issued on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. RBC Dominion Securities‘s price target points to a potential upside of 53.92% from the company’s current price.

Several other research firms have also commented on GFI. Wall Street Zen lowered Gold Fields from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Scotiabank decreased their price target on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. JPMorgan Chase & Co. lowered their price objective on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Gold Fields in a research note on Monday, August 31st. Finally, Royal Bank Of Canada boosted their target price on shares of Gold Fields from $49.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Gold Fields has an average rating of “Hold” and a consensus price target of $52.46.

Gold Fields Price Performance

Shares of NYSE GFI traded down $1.72 on Thursday, hitting $35.08. The company had a trading volume of 3,648,677 shares, compared to its average volume of 3,590,210. Gold Fields has a 12-month low of $31.11 and a 12-month high of $61.64. The business has a 50 day moving average of $41.46 and a two-hundred day moving average of $39.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Crossmark Global Holdings Inc. increased its holdings in Gold Fields by 17.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 31,461 shares of the company’s stock worth $1,136,000 after purchasing an additional 4,709 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Gold Fields by 11.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 9,397 shares of the company’s stock valued at $341,000 after purchasing an additional 961 shares in the last quarter. Novem Group boosted its stake in shares of Gold Fields by 9.2% during the 3rd quarter. Novem Group now owns 27,065 shares of the company’s stock valued at $978,000 after buying an additional 2,285 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co boosted its stake in shares of Gold Fields by 28.2% during the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 142,484 shares of the company’s stock valued at $5,147,000 after buying an additional 31,377 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Gold Fields by 5.2% during the 3rd quarter. GAMMA Investing LLC now owns 6,858 shares of the company’s stock valued at $248,000 after buying an additional 337 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

About Gold Fields

Gold Fields Limited (NYSE:GFI) is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and refined gold for sale to international markets. Its activities include mine development, underground and open-pit mining, ore processing and exploration for additional mineral resources.

Gold Fields has a history dating to 1887 and has grown into one of the world’s major gold-mining companies through acquisitions, partnerships and the development of its own projects.