HSBC Reiterates Hold Rating for Gold Fields (NYSE:GFI)

Gold Fields (NYSE:GFI)‘s stock had its “hold” rating reaffirmed by stock analysts at HSBC in a research note issued to investors on Thursday,Benzinga reports. They currently have a $21.00 target price on the stock. HSBC’s price target points to a potential downside of 15.01% from the company’s current price.

A number of other equities analysts have also weighed in on the company. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 10th. JPMorgan Chase & Co. lifted their target price 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, Scotiabank upped their price target on shares of Gold Fields from $20.00 to $23.00 and gave the company a “sector perform” rating in a research report on Monday. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.56.

Gold Fields Stock Performance

NYSE GFI opened at $24.71 on Thursday. The stock has a market capitalization of $22.12 billion, a P/E ratio of 10.51, a P/E/G ratio of 0.30 and a beta of 0.92. The business’s fifty day moving average is $20.57 and its two-hundred day moving average is $17.16. Gold Fields has a 1 year low of $12.98 and a 1 year high of $25.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Amundi lifted its holdings in shares of Gold Fields by 7.3% during the 4th quarter. Amundi now owns 3,107,369 shares of the company’s stock valued at $44,684,000 after buying an additional 211,333 shares during the last quarter. American Century Companies Inc. grew its position in Gold Fields by 6.4% in the fourth quarter. American Century Companies Inc. now owns 2,976,004 shares of the company’s stock worth $39,283,000 after acquiring an additional 178,973 shares in the last quarter. RWC Asset Management LLP increased its stake in shares of Gold Fields by 9.2% during the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company’s stock worth $35,784,000 after purchasing an additional 227,704 shares during the last quarter. DJE Kapital AG bought a new position in shares of Gold Fields during the 4th quarter valued at $33,486,000. Finally, Schroder Investment Management Group lifted its stake in shares of Gold Fields by 11.3% in the 4th quarter. Schroder Investment Management Group now owns 2,164,906 shares of the company’s stock valued at $28,490,000 after purchasing an additional 219,254 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

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.