Brokerages Set Gold Fields Limited (NYSE:GFI) PT at $47.75

Shares of Gold Fields Limited (NYSE:GFI) have been assigned an average rating of “Hold” from the eleven brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $47.75.

A number of research analysts have recently commented on GFI shares. Zacks Research lowered Gold Fields from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. 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. Royal Bank Of Canada dropped their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 16th.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $32.41 on Tuesday. The business has a 50 day moving average price of $35.18 and a 200 day moving average price of $43.95. 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 has a twelve month low of $24.11 and a twelve month high of $61.64.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GFI. Van ECK Associates Corp grew its position in Gold Fields by 3.4% during the fourth quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock worth $1,549,227,000 after buying an additional 1,180,634 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Gold Fields by 39.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock worth $265,700,000 after acquiring an additional 1,714,442 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Gold Fields by 69.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock worth $191,407,000 after acquiring an additional 1,794,124 shares during the period. Man Group plc grew its holdings in shares of Gold Fields by 63.7% during the 4th quarter. Man Group plc now owns 3,650,799 shares of the company’s stock worth $159,394,000 after purchasing an additional 1,421,121 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Gold Fields by 62.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company’s stock worth $114,147,000 after purchasing an additional 910,580 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

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.