Gold Fields Limited (NYSE:GFI) Receives $47.75 Average Target Price from Analysts

Shares of Gold Fields Limited (NYSE:GFI) have been assigned an average rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $47.75.

GFI has been the subject of several research reports. Royal Bank Of Canada reduced their target price on Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. JPMorgan Chase & Co. cut their price target on Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Zacks Research cut Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Finally, Scotiabank cut their target price on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GFI. Mitsubishi UFJ Trust & Banking Corp raised its position in Gold Fields by 43.7% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock worth $10,698,000 after acquiring an additional 74,539 shares during the last quarter. Crescent Grove Advisors LLC acquired a new stake in shares of Gold Fields in the first quarter valued at about $1,795,000. Sigma Planning Corp grew its stake in shares of Gold Fields by 203.7% during the fourth quarter. Sigma Planning Corp now owns 55,407 shares of the company’s stock valued at $2,419,000 after acquiring an additional 37,161 shares in the last quarter. PKO Investment Management Joint Stock Co increased its stake in shares of Gold Fields by 11.9% in the fourth quarter. PKO Investment Management Joint Stock Co now owns 319,496 shares of the company’s stock worth $13,949,000 after buying an additional 34,000 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Gold Fields by 39.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after buying an additional 1,714,442 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Price Performance

Shares of NYSE:GFI opened at $33.52 on Tuesday. Gold Fields has a 52 week low of $24.11 and a 52 week high of $61.64. The company’s 50 day moving average is $35.32 and its two-hundred day moving average is $44.03. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33.

Gold Fields Company Profile

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.