RBC Dominion Securities Reiterates "$54.00" Price Target for Gold Fields (NYSE:GFI)

Key Points

• RBC Dominion Securities reiterated a $54.00 price target and an “outperform” rating for Gold Fields, implying 53.92% upside from the prior close.
• Analyst sentiment is mixed: six analysts rate the stock a Buy, two Hold, and two Sell, resulting in a consensus “Hold” rating and an average price target of $52.46.
• Gold Fields shares fell 4.7% to $35.08, while institutional investors and hedge funds own approximately 24.81% of the company.

Gold Fields (NYSE:GFI - Get Free Report) has been given a $54.00 price target by equities researchers at RBC Dominion Securities in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. RBC Dominion Securities's price target indicates a potential upside of 53.92% from the stock's previous close.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group started coverage on shares of Gold Fields in a research report on Thursday, October 15th. They set a "neutral" rating and a $38.00 price target for the company. Wall Street Zen lowered shares of Gold Fields from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. Zacks Research cut shares of Gold Fields from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 21st. Weiss Ratings reissued a "buy (b-)" rating on shares of Gold Fields in a research note on Monday, August 31st. Finally, Scotiabank dropped their price objective on Gold Fields from $60.00 to $52.00 and set a "sector perform" rating for the company in a report on Tuesday, July 14th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $52.46.

Gold Fields Trading Down 4.7%

Shares of NYSE GFI traded down $1.72 on Thursday, reaching $35.08. 3,648,677 shares of the company traded hands, compared to its average volume of 3,590,210. Gold Fields has a fifty-two week low of $31.11 and a fifty-two week high of $61.64. The company has a 50 day moving average of $41.46 and a 200 day moving average of $39.92.

Institutional Trading of Gold Fields

Institutional investors and hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new position in Gold Fields during the first quarter valued at approximately $25,000. Allworth Financial LP increased its position in shares of Gold Fields by 11.8% in the second quarter. Allworth Financial LP now owns 2,631 shares of the company's stock worth $88,000 after acquiring an additional 277 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Gold Fields by 1,604.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,096 shares of the company's stock worth $92,000 after acquiring an additional 1,973 shares in the last quarter. Strategic Investment Advisors MI purchased a new position in shares of Gold Fields in the 1st quarter valued at $118,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Gold Fields in the 1st quarter valued at $121,000. Institutional investors and hedge funds own 24.81% of the company's stock.

About Gold Fields

Gold Fields Limited NYSE: GFI is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and refined gold for sale to international markets. Its activities include mine development, underground and open-pit mining, ore processing and exploration for additional mineral resources.

Gold Fields has a history dating to 1887 and has grown into one of the world's major gold-mining companies through acquisitions, partnerships and the development of its own projects.

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