Gold Fields Ltd. (GFI) Given Consensus Recommendation of “Hold” by Analysts
Gold Fields Ltd. (NYSE:GFI) has been assigned an average rating of “Hold” from the seven analysts that are presently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $4.87.
A number of analysts have recently weighed in on GFI shares. Zacks Investment Research raised shares of Gold Fields from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a report on Wednesday, September 28th. RBC Capital Markets reaffirmed an “outperform” rating on shares of Gold Fields in a report on Tuesday, November 8th. Macquarie raised shares of Gold Fields from a “neutral” rating to an “outperform” rating in a report on Friday, September 2nd. Finally, Citigroup Inc. reaffirmed a “sell” rating on shares of Gold Fields in a report on Thursday, August 18th.
Shares of Gold Fields (NYSE:GFI) opened at 3.13 on Friday. Gold Fields has a 12-month low of $2.37 and a 12-month high of $6.60. The firm’s 50-day moving average is $3.99 and its 200-day moving average is $4.82. The firm’s market cap is $2.57 billion.
A number of institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC increased its position in shares of Gold Fields by 54.5% in the third quarter. Verition Fund Management LLC now owns 20,600 shares of the company’s stock valued at $100,000 after buying an additional 7,270 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Gold Fields by 7,158.0% in the third quarter. Tower Research Capital LLC TRC now owns 20,903 shares of the company’s stock valued at $101,000 after buying an additional 20,615 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Gold Fields during the second quarter valued at about $111,000. Neuberger Berman Group LLC acquired a new position in Gold Fields during the second quarter valued at about $115,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Gold Fields during the third quarter valued at about $118,000. 36.60% of the stock is owned by institutional investors and hedge funds.
Gold Fields Company Profile
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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