Brokerages Set Gold Fields Limited (NYSE:GFI) Target Price at $16.45

Shares of Gold Fields Limited (NYSE:GFI) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.45.

A number of equities research analysts have recently weighed in on GFI shares. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th.

Institutional Investors Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. raised its position in shares of Gold Fields by 20.0% during the 3rd quarter. Blue Trust Inc. now owns 65,565 shares of the company’s stock worth $977,000 after acquiring an additional 10,908 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Gold Fields by 66.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock worth $21,263,000 after acquiring an additional 551,210 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Gold Fields in the third quarter valued at $10,600,000. Assenagon Asset Management S.A. acquired a new stake in shares of Gold Fields in the 3rd quarter valued at about $613,000. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Gold Fields by 1.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company’s stock worth $1,929,000 after acquiring an additional 2,300 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Trading Up 1.8 %

Shares of GFI opened at $19.19 on Tuesday. The firm has a 50-day simple moving average of $15.83 and a two-hundred day simple moving average of $15.50. Gold Fields has a 1-year low of $12.28 and a 1-year high of $19.80.

About Gold Fields

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.