Gold Fields Limited (NYSE:GFI - Get Free Report) has been assigned an average recommendation of "Hold" from the six research firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.45.
GFI has been the topic of several recent analyst reports. StockNews.com lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report on Wednesday, January 15th.
Check Out Our Latest Research Report on Gold Fields
Gold Fields Price Performance
Shares of NYSE GFI traded down $0.53 during mid-day trading on Tuesday, hitting $18.67. The stock had a trading volume of 2,987,781 shares, compared to its average volume of 2,825,523. The company has a 50 day moving average of $15.83 and a two-hundred day moving average of $15.50. Gold Fields has a twelve month low of $12.28 and a twelve month high of $19.80.
Hedge Funds Weigh In On Gold Fields
A number of hedge funds and other institutional investors have recently bought and sold shares of GFI. FCA Corp TX purchased a new position in shares of Gold Fields in the 4th quarter valued at about $108,000. Net Worth Advisory Group purchased a new position in shares of Gold Fields in the 4th quarter valued at about $136,000. Signaturefd LLC boosted its stake in shares of Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company's stock valued at $136,000 after buying an additional 1,656 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Gold Fields in the 4th quarter valued at about $139,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Gold Fields in the 4th quarter valued at about $141,000. 24.81% of the stock is currently owned by hedge funds and other institutional investors.
About Gold Fields
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Get Free ReportGold 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.
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