Gold Fields Limited (NYSE:GFI) Given Consensus Rating of “Hold” by Brokerages

Shares of Gold Fields Limited (NYSE:GFI) have earned an average rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $49.75.

A number of brokerages recently weighed in on GFI. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and boosted their price target for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Weiss Ratings cut shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Scotiabank reduced their price target on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Finally, Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th.

Gold Fields Trading Down 0.3%

Shares of GFI stock opened at $36.52 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average price of $43.74 and a 200 day moving average price of $46.54. Gold Fields has a 12 month low of $22.40 and a 12 month high of $61.64.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GFI. Millennium Management LLC raised its holdings in Gold Fields by 20.3% during the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock worth $4,230,000 after purchasing an additional 32,343 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after purchasing an additional 2,152 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Gold Fields during the first quarter worth about $236,000. Jones Financial Companies Lllp purchased a new position in Gold Fields during the first quarter worth about $268,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Gold Fields by 183.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock worth $69,000 after purchasing an additional 1,900 shares in the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

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.