Gold Fields Limited (NYSE:GFI) Receives Consensus Rating of “Hold” from Analysts

Shares of Gold Fields Limited (NYSE:GFI) have been assigned an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $16.45.

A number of research analysts recently issued reports on the stock. Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their target price on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th.

Gold Fields Price Performance

Shares of GFI opened at $16.17 on Friday. The business’s 50-day moving average is $14.35 and its 200-day moving average is $15.25. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 7.25, a P/E/G ratio of 0.26 and a beta of 1.13. Gold Fields has a fifty-two week low of $12.28 and a fifty-two week high of $18.97.

Hedge Funds Weigh In On Gold Fields

Hedge funds have recently added to or reduced their stakes in the company. QRG Capital Management Inc. bought a new position in shares of Gold Fields in the 3rd quarter worth $160,000. Concurrent Investment Advisors LLC increased its holdings in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after purchasing an additional 850 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Gold Fields in the third quarter valued at about $209,000. Rakuten Securities Inc. boosted its holdings in Gold Fields by 90.7% during the third quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock worth $254,000 after buying an additional 7,879 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its position in shares of Gold Fields by 17.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 19,139 shares of the company’s stock worth $294,000 after buying an additional 2,779 shares during the period. 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.