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

Shares of Gold Fields Limited (NYSE:GFI) have earned a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.45.

A number of brokerages have recently commented on GFI. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. StockNews.com lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th.

Gold Fields Stock Up 4.2 %

GFI opened at $17.28 on Friday. Gold Fields has a 52 week low of $12.28 and a 52 week high of $18.97. The business’s 50 day moving average is $14.55 and its two-hundred day moving average is $15.27. The firm has a market cap of $15.47 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 0.27 and a beta of 1.13.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in shares of Gold Fields by 3.3% during the 3rd quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock worth $744,566,000 after buying an additional 1,549,372 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in 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 acquiring an additional 580,546 shares during the period. Mackenzie Financial Corp raised its position in Gold Fields by 28.7% in the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock worth $38,878,000 after acquiring an additional 581,730 shares in the last quarter. Bamco Inc. NY lifted its holdings in 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 acquiring an additional 92,571 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Gold Fields by 8.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company’s stock valued at $21,194,000 after acquiring an additional 122,247 shares during the period. 24.81% of the stock is owned by hedge funds and other institutional investors.

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.