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

Gold Fields Limited (NYSE:GFI) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $44.00.

Several research analysts have issued reports on the company. Wall Street Zen upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Citigroup upped their price target on shares of Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Zacks Research upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. raised their price objective on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Scotiabank boosted their price objective on shares of Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th.

Gold Fields Stock Up 0.5%

Shares of GFI traded up $0.25 during mid-day trading on Friday, hitting $50.35. The company’s stock had a trading volume of 3,887,675 shares, compared to its average volume of 2,841,563. Gold Fields has a 1-year low of $19.35 and a 1-year high of $61.64. The firm has a 50-day simple moving average of $51.69 and a 200 day simple moving average of $44.02.

Institutional Investors Weigh In On Gold Fields

Institutional investors have recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in shares of Gold Fields by 3.4% in the fourth quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock worth $1,549,227,000 after acquiring an additional 1,180,634 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of 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 acquiring an additional 1,714,442 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Gold Fields by 84.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock worth $131,350,000 after purchasing an additional 2,545,579 shares in the last quarter. Invesco Ltd. raised its stake in Gold Fields by 32.9% in the 2nd quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock valued at $116,443,000 after purchasing an additional 1,217,594 shares during the last quarter. Finally, DJE Kapital AG raised its stake in Gold Fields by 19.7% in the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock valued at $105,260,000 after purchasing an additional 742,174 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

About Gold Fields

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.