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

Gold Fields Limited (NYSE:GFI - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six analysts that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.03.

Several research firms have weighed in on GFI. JPMorgan Chase & Co. dropped their target price on shares of Gold Fields from $18.00 to $17.10 and set a "neutral" rating for the company in a report on Friday, December 6th. Bank of America initiated coverage on shares of Gold Fields in a research note on Monday, September 16th. They set a "buy" rating and a $16.00 price objective for the company. StockNews.com lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. Finally, Investec upgraded Gold Fields from a "hold" rating to a "buy" rating in a report on Friday, October 18th.

Gold Fields Trading Down 1.7 %

Shares of GFI stock traded down $0.23 during mid-day trading on Monday, reaching $13.16. The stock had a trading volume of 1,711,637 shares, compared to its average volume of 3,509,970. Gold Fields has a 12-month low of $12.19 and a 12-month high of $18.97. The business has a 50-day simple moving average of $14.95 and a 200 day simple moving average of $15.27. The company has a market cap of $11.78 billion, a P/E ratio of 6.24, a price-to-earnings-growth ratio of 0.43 and a beta of 1.13.

Institutional Trading of Gold Fields

A number of hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in Gold Fields by 3.3% in the 3rd quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company's stock worth $744,566,000 after buying an additional 1,549,372 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Gold Fields during the 3rd quarter worth about $9,911,000. Mackenzie Financial Corp boosted its position in shares of Gold Fields by 28.7% in the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company's stock worth $38,878,000 after acquiring an additional 581,730 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Gold Fields by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company's stock valued at $94,492,000 after purchasing an additional 580,546 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Gold Fields by 66.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company's stock worth $21,263,000 after purchasing an additional 551,210 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Company Profile

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.