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

by · The Cerbat Gem

Gold Fields Limited (NYSE:GFI – Get Free Report) has earned an average rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $42.1250.

Several analysts have issued reports on GFI shares. Royal Bank Of Canada decreased their price objective on shares of Gold Fields to $45.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research note on Wednesday, October 8th. Scotiabank lifted their price target on shares of Gold Fields from $30.00 to $47.00 and gave the stock a “sector perform” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. increased their price objective on shares of Gold Fields from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Finally, Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 10th.

View Our Latest Analysis on Gold Fields

Hedge Funds Weigh In On Gold Fields

Hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp increased its position in shares of Gold Fields by 1.6% in the third quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock valued at $1,439,365,000 after buying an additional 539,923 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Gold Fields by 84.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock worth $131,350,000 after acquiring an additional 2,545,579 shares during the period. Invesco Ltd. raised its position in Gold Fields by 32.9% during the second quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock worth $116,443,000 after acquiring an additional 1,217,594 shares during the period. DJE Kapital AG lifted its holdings in Gold Fields by 19.7% during the second quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock valued at $105,260,000 after purchasing an additional 742,174 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Gold Fields by 32.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock valued at $183,416,000 after purchasing an additional 1,062,242 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Up 0.2%

Shares of GFI stock opened at $49.91 on Friday. The stock has a fifty day simple moving average of $43.58 and a two-hundred day simple moving average of $37.12. Gold Fields has a 52-week low of $14.95 and a 52-week high of $50.96.

About Gold Fields

(Get Free Report)

Gold 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.

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