Zacks: Gold Fields Limited (GFI) Given Average Recommendation of “Hold” by Brokerages

Shares of Gold Fields Limited (NYSE:GFI) have been assigned a consensus broker rating score of 3.33 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating, one has given a sell rating and one has given a strong buy rating to the company.

Analysts have set a one year consensus price objective of $2.40 for the company, according to Zacks. Zacks has also given Gold Fields an industry rank of 199 out of 265 based on the ratings given to its competitors.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut Gold Fields from a “buy” rating to a “hold” rating in a research report on Wednesday. HSBC raised Gold Fields from a “reduce” rating to a “hold” rating in a research report on Friday, January 19th. Finally, Deutsche Bank raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th.

Gold Fields (GFI) traded up $0.04 on Friday, hitting $4.37. The stock had a trading volume of 3,483,301 shares, compared to its average volume of 4,070,000. Gold Fields has a 52 week low of $2.86 and a 52 week high of $4.70. The firm has a market capitalization of $3,700.00, a PE ratio of 33.62, a price-to-earnings-growth ratio of 2.06 and a beta of -1.09.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GFI. U S Global Investors Inc. lifted its holdings in Gold Fields by 74.3% during the 2nd quarter. U S Global Investors Inc. now owns 26,148 shares of the company’s stock worth $104,000 after purchasing an additional 11,148 shares during the last quarter. Timber Hill LLC acquired a new stake in Gold Fields during the 3rd quarter worth approximately $148,000. Cubist Systematic Strategies LLC lifted its holdings in Gold Fields by 1,062.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 210,688 shares of the company’s stock worth $733,000 after purchasing an additional 192,557 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Gold Fields by 37.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 213,104 shares of the company’s stock worth $918,000 after purchasing an additional 57,963 shares during the last quarter. Finally, State Street Corp lifted its holdings in Gold Fields by 19.2% during the 2nd quarter. State Street Corp now owns 246,860 shares of the company’s stock worth $859,000 after purchasing an additional 39,717 shares during the last quarter. 33.69% of the stock is owned by institutional investors.

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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.

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