Gold Fields Limited (GFI) Receives Average Rating of “Hold” from Analysts

Gold Fields Limited (JSE:GFI) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $3.88.

Separately, Morgan Stanley cut Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Monday, October 9th.

Shares of Gold Fields (JSE GFI) opened at $5,410.00 on Monday. The firm has a market capitalization of $43,500.00 and a PE ratio of 3,512.99. Gold Fields has a twelve month low of $3,760.00 and a twelve month high of $6,094.00.

A number of large investors have recently made changes to their positions in the business. Anchor Bolt Capital LP raised its holdings in Gold Fields by 51.0% during the 3rd quarter. Anchor Bolt Capital LP now owns 12,659,944 shares of the basic materials company’s stock worth $54,564,000 after purchasing an additional 4,277,512 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Gold Fields in the 3rd quarter valued at about $16,117,000. Cubist Systematic Strategies LLC increased its stake in shares of Gold Fields by 115.8% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 454,730 shares of the basic materials company’s stock valued at $1,960,000 after acquiring an additional 244,042 shares during the last quarter. AMP Capital Investors Ltd bought a new stake in shares of Gold Fields in the 3rd quarter valued at about $1,236,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Gold Fields in the 3rd quarter valued at about $1,197,000.

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About Gold Fields

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.

Analyst Recommendations for Gold Fields (JSE:GFI)

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