Gold Fields Limited (NYSE:GFI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Gold Fields Limited (NYSE:GFI) have received a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $44.00.

Several analysts recently weighed in on GFI shares. HSBC reiterated a “hold” rating on shares of Gold Fields in a report on Thursday, October 9th. Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday. Scotiabank upped their target price on shares of Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Investec cut shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, Citigroup boosted their price target on Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GFI. Summit Global Investments raised its holdings in Gold Fields by 91.9% in the 3rd quarter. Summit Global Investments now owns 46,205 shares of the company’s stock worth $1,939,000 after acquiring an additional 22,133 shares during the last quarter. DJE Kapital AG increased its holdings in shares of Gold Fields by 19.7% in the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock worth $105,260,000 after purchasing an additional 742,174 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Gold Fields by 49.5% in the third quarter. TD Waterhouse Canada Inc. now owns 133,852 shares of the company’s stock worth $5,616,000 after purchasing an additional 44,306 shares during the last quarter. U S Global Investors Inc. lifted its holdings in shares of Gold Fields by 53.8% during the second quarter. U S Global Investors Inc. now owns 100,000 shares of the company’s stock valued at $2,367,000 after purchasing an additional 35,000 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Gold Fields by 32.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock valued at $183,416,000 after purchasing an additional 1,062,242 shares in the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $49.50 on Tuesday. Gold Fields has a 1 year low of $17.19 and a 1 year high of $61.64. The stock’s 50-day moving average is $46.67 and its 200 day moving average is $39.78.

Gold Fields Company Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.