Gold Fields Limited (NYSE:GFI) Given Consensus Rating of “Hold” by Analysts

Gold Fields Limited (NYSE:GFI) has earned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $44.00.

A number of analysts have commented on GFI shares. Zacks Research lowered shares of Gold Fields from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Scotiabank upped their target price on shares of Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th.

Hedge Funds Weigh In On Gold Fields

Several institutional investors have recently added to or reduced their stakes in GFI. Summit Global Investments boosted its holdings in shares of Gold Fields by 91.9% in the 3rd quarter. Summit Global Investments now owns 46,205 shares of the company’s stock worth $1,939,000 after purchasing an additional 22,133 shares in the last quarter. DJE Kapital AG raised its position in Gold Fields by 19.7% in the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock worth $105,260,000 after purchasing an additional 742,174 shares during the period. TD Waterhouse Canada Inc. boosted its position in Gold Fields by 49.5% during the third quarter. TD Waterhouse Canada Inc. now owns 133,852 shares of the company’s stock valued at $5,616,000 after buying an additional 44,306 shares during the period. U S Global Investors Inc. increased its holdings in shares of Gold Fields by 53.8% in the second quarter. U S Global Investors Inc. now owns 100,000 shares of the company’s stock worth $2,367,000 after buying an additional 35,000 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Gold Fields by 32.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock valued at $183,416,000 after acquiring an additional 1,062,242 shares during the period. Institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Down 1.2%

GFI stock opened at $49.50 on Tuesday. Gold Fields has a fifty-two week low of $17.19 and a fifty-two week high of $61.64. The stock’s 50 day simple moving average is $46.67 and its 200 day simple moving average is $39.78.

Gold Fields Company Profile

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.