Analysts Set Gold Fields Limited (NYSE:GFI) PT at $49.75

Shares of Gold Fields Limited (NYSE:GFI) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $50.3214.

GFI has been the topic of several analyst reports. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and raised their target price for the company from $40.25 to $57.25 in a report on Friday, April 24th. Scotiabank decreased their price target on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Finally, Weiss Ratings downgraded shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd.

Hedge Funds Weigh In On Gold Fields

Institutional investors have recently added to or reduced their stakes in the company. Carolina Wealth Advisors LLC grew its stake in shares of Gold Fields by 9.5% during the second quarter. Carolina Wealth Advisors LLC now owns 58,989 shares of the company’s stock valued at $1,981,000 after acquiring an additional 5,128 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Gold Fields in the second quarter worth about $8,033,000. GK Wealth Management LLC purchased a new position in Gold Fields in the second quarter valued at about $338,000. Confluence Investment Management LLC boosted its holdings in Gold Fields by 6.0% in the second quarter. Confluence Investment Management LLC now owns 15,745 shares of the company’s stock valued at $529,000 after purchasing an additional 889 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in Gold Fields by 10.6% during the 1st quarter. Parallel Advisors LLC now owns 7,988 shares of the company’s stock valued at $363,000 after purchasing an additional 768 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Trading Up 3.6%

Shares of GFI opened at $34.06 on Friday. The stock’s 50-day moving average is $38.35 and its two-hundred day moving average is $45.35. Gold Fields has a 12 month low of $23.41 and a 12 month high of $61.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79.

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.