Gold Fields Limited (GFI) Receives Consensus Recommendation of “Hold” from Analysts
Gold Fields Limited (JSE:GFI) has been given a consensus rating of “Hold” by the eight analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $3.88.
A number of equities analysts have recently weighed in on the company. Morgan Stanley cut Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Monday, October 9th. Zacks Investment Research raised Gold Fields from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Finally, BidaskClub raised Gold Fields from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd.
A number of institutional investors and hedge funds have recently bought and sold shares of GFI. Virtu Financial LLC lifted its stake in Gold Fields by 41.0% during the 3rd quarter. Virtu Financial LLC now owns 55,300 shares of the basic materials company’s stock worth $238,000 after acquiring an additional 16,087 shares in the last quarter. U S Global Investors Inc. lifted its stake in Gold Fields by 120.1% during the 3rd quarter. U S Global Investors Inc. now owns 57,549 shares of the basic materials company’s stock worth $248,000 after acquiring an additional 31,401 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in Gold Fields during the 3rd quarter worth about $1,197,000. AMP Capital Investors Ltd acquired a new position in Gold Fields during the 3rd quarter worth about $1,236,000. Finally, Cubist Systematic Strategies LLC lifted its stake in Gold Fields by 115.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 454,730 shares of the basic materials company’s stock worth $1,960,000 after acquiring an additional 244,042 shares in the last quarter.
COPYRIGHT VIOLATION NOTICE: This report was first posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.americanbankingnews.com/2017/12/07/gold-fields-limited-gfi-receives-consensus-recommendation-of-hold-from-analysts.html.
Gold Fields Company Profile
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
Receive News & Ratings for Gold Fields Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields Limited and related companies with MarketBeat.com's FREE daily email newsletter.