Gold Fields Limited (NYSE:GFI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Shares of Gold Fields Limited (NYSE:GFI – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $42.1250.

A number of equities analysts have recently commented on the company. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a research note on Wednesday, October 8th. Royal Bank Of Canada lowered their target price on shares of Gold Fields to $45.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Capital One Financial set a $32.00 target price on shares of Gold Fields in a research note on Friday, August 22nd. Finally, Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th.

Get Our Latest Research Report on Gold Fields

Institutional Investors Weigh In On Gold Fields

Hedge funds have recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new position in shares of Gold Fields during the second quarter valued at $26,000. Country Trust Bank purchased a new stake in Gold Fields in the second quarter worth about $26,000. CIBC Private Wealth Group LLC grew its holdings in 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 acquiring an additional 273 shares in the last quarter. IFP Advisors Inc increased its position in Gold Fields by 672.1% during the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after purchasing an additional 1,351 shares during the period. Finally, Archer Investment Corp purchased a new position in Gold Fields during the 3rd quarter valued at about $42,000. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Trading Up 2.5%

GFI opened at $45.26 on Monday. The stock has a 50-day moving average of $41.31 and a 200 day moving average of $34.26. Gold Fields has a 12 month low of $12.98 and a 12 month high of $47.18.

Gold Fields Company Profile

(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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