Gold Fields Limited (NYSE:GFI) Receives Average Rating of "Hold" from Analysts

Shares of Gold Fields Limited (NYSE:GFI - Get Free Report) have been given an average recommendation of "Hold" by the seven brokerages that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $18.56.

A number of equities analysts have recently weighed in on the company. HSBC reiterated a "hold" rating and set a $21.00 target price on shares of Gold Fields in a research note on Thursday, April 17th. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday. Finally, Scotiabank increased their target price on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th.

Hedge Funds Weigh In On Gold Fields

Hedge funds have recently added to or reduced their stakes in the stock. ABC Arbitrage SA bought a new position in Gold Fields during the 4th quarter worth $1,641,000. Raymond James Financial Inc. bought a new position in shares of Gold Fields in the 4th quarter valued at $362,000. Rhumbline Advisers increased its stake in shares of Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after purchasing an additional 720 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Gold Fields by 8.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock valued at $21,194,000 after purchasing an additional 122,247 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Gold Fields by 78.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company's stock valued at $7,735,000 after purchasing an additional 257,081 shares during the last quarter. Institutional investors own 24.81% of the company's stock.

Gold Fields Stock Performance

Shares of NYSE GFI traded up $2.24 during trading hours on Thursday, reaching $25.24. 4,191,450 shares of the stock were exchanged, compared to its average volume of 3,656,302. The firm has a market capitalization of $22.59 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 0.30 and a beta of 0.57. Gold Fields has a 52 week low of $12.98 and a 52 week high of $25.52. The stock's fifty day simple moving average is $22.18 and its 200 day simple moving average is $18.53.

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.