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

Shares of Gold Fields Limited (NYSE:GFI) have been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $49.75.

Several equities analysts have weighed in on the company. Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Scotiabank dropped their price objective on 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, Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $40.25 to $57.25 in a research report on Friday, April 24th.

Institutional Investors Weigh In On Gold Fields

Hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC lifted its stake in shares of Gold Fields by 20.3% during the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock valued at $4,230,000 after buying an additional 32,343 shares during the period. NewEdge Advisors LLC grew its stake in Gold Fields by 2,152.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after acquiring an additional 2,152 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Gold Fields in the 1st quarter worth approximately $236,000. Jones Financial Companies Lllp purchased a new stake in Gold Fields in the 1st quarter worth approximately $268,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Gold Fields by 183.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock valued at $69,000 after acquiring an additional 1,900 shares during the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Stock Up 4.8%

Shares of Gold Fields stock opened at $35.35 on Friday. Gold Fields has a 1 year low of $23.24 and a 1 year high of $61.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. The business has a 50 day moving average price of $39.41 and a 200 day moving average price of $45.72.

About Gold Fields

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.