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

Gold Fields Limited (NYSE:GFI) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $16.45.

Several analysts have weighed in on GFI shares. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Friday. JPMorgan Chase & Co. raised their price target on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th.

Hedge Funds Weigh In On Gold Fields

Large investors have recently modified their holdings of the company. FCA Corp TX purchased a new position in shares of Gold Fields during the 4th quarter valued at about $108,000. Net Worth Advisory Group purchased a new position in shares of Gold Fields during the 4th quarter valued at about $136,000. Signaturefd LLC raised its holdings in shares of Gold Fields by 19.1% during the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after buying an additional 1,656 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Gold Fields during the 4th quarter valued at about $139,000. Finally, Sequoia Financial Advisors LLC bought a new position in Gold Fields during the 4th quarter worth approximately $141,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Stock Up 3.2 %

NYSE:GFI opened at $19.29 on Tuesday. The business’s 50-day moving average price is $15.92 and its two-hundred day moving average price is $15.50. Gold Fields has a twelve month low of $12.28 and a twelve month high of $19.80. The stock has a market cap of $17.27 billion, a P/E ratio of 8.21, a PEG ratio of 0.30 and a beta of 1.15.

About Gold Fields

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.