Gold Fields Limited (NYSE:GFI) Receives Average Rating of “Hold” from Analysts

Gold Fields Limited (NYSE:GFI) has received an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $16.45.

Several equities analysts have recently weighed in on the company. Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Finally, StockNews.com lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th.

Institutional Trading of Gold Fields

A number of institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp boosted its position in Gold Fields by 3.3% during the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock valued at $744,566,000 after purchasing an additional 1,549,372 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Gold Fields by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock worth $94,492,000 after purchasing an additional 580,546 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Gold Fields by 28.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock valued at $38,878,000 after buying an additional 581,730 shares during the last quarter. Bamco Inc. NY grew its stake in shares of Gold Fields by 4.8% in the third quarter. Bamco Inc. NY now owns 2,018,817 shares of the company’s stock valued at $30,989,000 after buying an additional 92,571 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Gold Fields by 66.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock worth $21,263,000 after buying an additional 551,210 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Up 0.2 %

Shares of GFI stock opened at $16.17 on Friday. Gold Fields has a 12-month low of $12.28 and a 12-month high of $18.97. The firm has a fifty day moving average of $14.35 and a 200-day moving average of $15.25. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of 0.26 and a beta of 1.13.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.