Gold Fields (NYSE:GFI) Sets New 12-Month High - What's Next?

Gold Fields Limited (NYSE:GFI - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $47.34 and last traded at $47.32, with a volume of 497455 shares. The stock had previously closed at $45.16.Analyst Ratings ChangesGold Stocks Shine as Prices Hit Record Highs—Top 3 PicksSeveral brokerages have recently weighed in on GFI. Zacks Research upgraded Gold Fields from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. lifted their target price on shares of Gold Fields from $62.00 to $64.00 and gave the company an "overweight" rating in a report on Wednesday, December 3rd. Royal Bank Of Canada reduced their price target on shares of Gold Fields to $45.00 and set an "outperform" rating on the stock in a research report on Monday, November 24th. BMO Capital Markets lifted their target price on Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a report on Monday, August 25th. Finally, HSBC reaffirmed a "hold" rating on shares of Gold Fields in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.13.Read Our Latest Stock Analysis on GFIGold Fields Stock Up 4.5%Gold Rush: Exploring 5 Sector Giants Amidst Soaring PricesThe firm has a fifty day moving average price of $41.31 and a 200 day moving average price of $34.39. Hedge Funds Weigh In On Gold FieldsSeveral hedge funds and other institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC acquired a new position in Gold Fields in the 2nd quarter worth $26,000. Country Trust Bank bought a new stake in shares of Gold Fields during the 2nd quarter valued at about $26,000. CIBC Private Wealth Group LLC raised its position in shares of Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company's stock worth $36,000 after purchasing an additional 273 shares during the period. IFP Advisors Inc increased its position in Gold Fields by 672.1% in the second quarter. IFP Advisors Inc now owns 1,552 shares of the company's stock worth $37,000 after buying an additional 1,351 shares during the period. Finally, Archer Investment Corp acquired a new stake in shares of Gold Fields in the 3rd quarter worth about $42,000. 24.81% of the stock is owned by institutional investors and hedge funds. Gold Fields Company Profile (Get Free Report)Alamos Gold And Gold Fields Spearhead Gold Price SurgeGold Fields NYSE: GFI is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses. The company's core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.Recommended StoriesFive stocks we like better than Gold FieldsThis AI–Quantum Company Expects to Hit $274M in Revenue for 2025Wall Street Stock picker Names #1 Stock of 2026Do not delete, read immediatelyBuffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyGOLD ALERTThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Gold Fields Right Now?Before you consider Gold Fields, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gold Fields wasn't on the list.While Gold Fields currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here