Shares of Gold Fields Limited (NYSE:GFI - Get Free Report) have received a consensus recommendation of "Hold" from the six analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.93.
Several research analysts recently weighed in on the company. StockNews.com downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. Scotiabank dropped their price target on Gold Fields from $18.00 to $17.00 and set a "sector perform" rating on the stock in a research note on Monday, August 26th. Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Finally, Bank of America started coverage on shares of Gold Fields in a research report on Monday, September 16th. They issued a "buy" rating and a $16.00 price objective for the company.
Check Out Our Latest Research Report on GFI
Hedge Funds Weigh In On Gold Fields
Several hedge funds and other institutional investors have recently modified their holdings of the stock. LGT Fund Management Co Ltd. acquired a new position in Gold Fields in the 2nd quarter worth approximately $149,000. Concurrent Investment Advisors LLC acquired a new position in Gold Fields in the 2nd quarter worth approximately $153,000. QRG Capital Management Inc. acquired a new position in Gold Fields in the 3rd quarter worth approximately $160,000. Hennion & Walsh Asset Management Inc. increased its holdings in Gold Fields by 10.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company's stock worth $172,000 after buying an additional 1,090 shares during the period. Finally, Candriam S.C.A. acquired a new position in Gold Fields in the 2nd quarter worth approximately $189,000. 26.02% of the stock is owned by hedge funds and other institutional investors.
Gold Fields Stock Down 0.7 %
Shares of Gold Fields stock traded down $0.10 on Thursday, reaching $14.13. The stock had a trading volume of 1,417,294 shares, compared to its average volume of 3,595,740. The company has a 50 day moving average price of $15.69 and a 200 day moving average price of $15.50. Gold Fields has a 1 year low of $12.19 and a 1 year high of $18.97.
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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