Gold Fields Limited (NYSE:GFI) Given Consensus Rating of “Moderate Buy” by Analysts

Gold Fields Limited (NYSE:GFI) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $42.1250.

GFI has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research note on Wednesday, October 8th. Canaccord Genuity Group lowered shares of Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price target for the company. in a research report on Monday, October 13th. Investec downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 10th. Citigroup boosted their target price on shares of Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, Scotiabank raised their price target on shares of Gold Fields from $30.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 23rd.

Gold Fields Stock Down 3.7%

GFI stock opened at $43.45 on Monday. The business has a 50 day moving average of $41.05 and a 200-day moving average of $33.68. Gold Fields has a 12-month low of $12.98 and a 12-month high of $47.18.

Institutional Trading of Gold Fields

Several hedge funds have recently made changes to their positions in the company. IFP Advisors Inc grew its stake in shares of Gold Fields by 319.8% during the 3rd quarter. IFP Advisors Inc now owns 6,515 shares of the company’s stock worth $273,000 after acquiring an additional 4,963 shares during the period. CIBC Private Wealth Group LLC raised its stake in Gold Fields by 47.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after acquiring an additional 273 shares during the period. Dorsey Wright & Associates purchased a new stake in Gold Fields during the third quarter valued at about $2,758,000. NewEdge Advisors LLC boosted its position in Gold Fields by 36,077.0% during the third quarter. NewEdge Advisors LLC now owns 36,177 shares of the company’s stock worth $1,518,000 after purchasing an additional 36,077 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in Gold Fields by 66.0% during the third quarter. Public Employees Retirement System of Ohio now owns 101,111 shares of the company’s stock worth $4,243,000 after purchasing an additional 40,206 shares during the period. 24.81% of the stock is currently owned by institutional investors.

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.