Brokerages Set Gold Fields Limited (NYSE:GFI) Target Price at $44.00

Gold Fields Limited (NYSE:GFI) has been given a consensus rating of “Hold” by the twelve ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $44.00.

GFI has been the subject of a number of research analyst reports. Morgan Stanley cut Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Friday, January 23rd. Zacks Research raised shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a research note on Monday. Citigroup upped their price objective on Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Scotiabank boosted their target price on Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Finally, Investec lowered Gold Fields from a “buy” rating to a “hold” rating in a research report on Friday, October 10th.

Gold Fields Stock Down 4.7%

GFI stock opened at $50.06 on Tuesday. The business has a fifty day moving average price of $47.23 and a 200 day moving average price of $40.14. Gold Fields has a fifty-two week low of $17.64 and a fifty-two week high of $61.64.

Hedge Funds Weigh In On Gold Fields

Several institutional investors have recently modified their holdings of the stock. Summit Global Investments lifted its stake in Gold Fields by 91.9% in the third quarter. Summit Global Investments now owns 46,205 shares of the company’s stock valued at $1,939,000 after buying an additional 22,133 shares in the last quarter. DJE Kapital AG lifted its stake in Gold Fields by 19.7% in the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock valued at $105,260,000 after acquiring an additional 742,174 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Gold Fields by 49.5% in the third quarter. TD Waterhouse Canada Inc. now owns 133,852 shares of the company’s stock valued at $5,616,000 after purchasing an additional 44,306 shares during the last quarter. U S Global Investors Inc. grew its position in Gold Fields by 53.8% in the second quarter. U S Global Investors Inc. now owns 100,000 shares of the company’s stock valued at $2,367,000 after purchasing an additional 35,000 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Gold Fields by 32.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock worth $183,416,000 after buying an additional 1,062,242 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Company Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.