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

Gold Fields Limited (NYSE:GFI) has received an average rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $44.00.

GFI has been the topic of a number of research reports. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Wall Street Zen upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Royal Bank Of Canada dropped their target price on Gold Fields to $45.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Morgan Stanley lowered Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. Finally, Citigroup upped their price objective on Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GFI. Van ECK Associates Corp lifted its stake in Gold Fields by 3.4% in the 4th quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock valued at $1,549,227,000 after purchasing an additional 1,180,634 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Gold Fields by 39.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after buying an additional 1,714,442 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Gold Fields by 84.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock valued at $131,350,000 after buying an additional 2,545,579 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Gold Fields by 32.9% during the 2nd 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. Finally, DJE Kapital AG increased its holdings in shares of Gold Fields by 19.7% during the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock worth $105,260,000 after acquiring an additional 742,174 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Performance

Shares of GFI stock opened at $58.85 on Friday. Gold Fields has a 52 week low of $17.64 and a 52 week high of $61.64. The company’s 50 day moving average price is $51.12 and its two-hundred day moving average price is $43.27.

About Gold Fields

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.