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

Gold Fields Limited (NYSE:GFI) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.03.

GFI has been the subject of several analyst reports. Bank of America began coverage on Gold Fields in a research report on Monday, September 16th. They issued a “buy” rating and a $16.00 target price for the company. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price objective on shares of Gold Fields from $18.00 to $17.10 and set a “neutral” rating for the company in a research report on Friday, December 6th. Finally, Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th.

Hedge Funds Weigh In On Gold Fields

A number of institutional investors have recently made changes to their positions in GFI. LGT Fund Management Co Ltd. bought a new position in shares of Gold Fields during the second quarter worth about $149,000. Concurrent Investment Advisors LLC bought a new stake in Gold Fields in the second quarter valued at about $153,000. QRG Capital Management Inc. acquired a new stake in Gold Fields during the third quarter valued at approximately $160,000. Candriam S.C.A. bought a new position in Gold Fields during the 2nd quarter worth approximately $189,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Gold Fields in the 3rd quarter worth approximately $209,000. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Trading Down 0.6 %

Shares of Gold Fields stock opened at $13.97 on Monday. Gold Fields has a twelve month low of $12.19 and a twelve month high of $18.97. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 6.62, a price-to-earnings-growth ratio of 0.43 and a beta of 1.13. The company has a fifty day moving average price of $14.60 and a 200 day moving average price of $15.25.

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.