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

Gold Fields Limited (NYSE:GFI) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $16.03.

Several analysts have commented on the stock. Bank of America started coverage on shares of Gold Fields in a research note on Monday, September 16th. They set a “buy” rating and a $16.00 price objective for the company. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. cut their price target on Gold Fields from $18.00 to $17.10 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Finally, StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th.

Institutional Investors Weigh In On Gold Fields

Institutional investors have recently modified their holdings of the business. Van ECK Associates Corp increased its holdings in Gold Fields by 3.3% in the 3rd quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock worth $744,566,000 after acquiring an additional 1,549,372 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Gold Fields by 10.4% during the third 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. RWC Asset Management LLP raised its position in shares of Gold Fields by 10.0% during the 2nd quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock worth $53,476,000 after purchasing an additional 324,885 shares during the last quarter. Mackenzie Financial Corp lifted its stake in 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 in the last quarter. Finally, Bamco Inc. NY boosted its holdings in Gold Fields by 4.8% in the 3rd quarter. Bamco Inc. NY now owns 2,018,817 shares of the company’s stock worth $30,989,000 after buying an additional 92,571 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Down 0.7 %

Shares of NYSE GFI opened at $13.39 on Monday. Gold Fields has a 52 week low of $12.19 and a 52 week high of $18.97. The business’s 50 day moving average price is $15.06 and its 200 day moving average price is $15.27. The firm has a market cap of $11.98 billion, a P/E ratio of 6.35, a P/E/G ratio of 0.43 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.