Brokerages Set Gold Fields Limited (NYSE:GFI) Price Target at $19.70

Gold Fields Limited (NYSE:GFI - Get Free Report) has earned a consensus recommendation of "Hold" from the six brokerages that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $19.70.

GFI has been the subject of several recent analyst reports. Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research report on Thursday, April 17th. Scotiabank boosted their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. HSBC reaffirmed a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. Finally, Wall Street Zen cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th.

Institutional Investors Weigh In On Gold Fields

Several institutional investors and hedge funds have recently made changes to their positions in GFI. Signaturefd LLC lifted its stake in Gold Fields by 6.0% in the 2nd quarter. Signaturefd LLC now owns 9,714 shares of the company's stock worth $230,000 after purchasing an additional 546 shares in the last quarter. HighTower Advisors LLC grew its stake in Gold Fields by 0.5% in the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company's stock worth $1,388,000 after acquiring an additional 573 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after purchasing an additional 649 shares in the last quarter. Range Financial Group LLC lifted its position in Gold Fields by 1.0% during the second quarter. Range Financial Group LLC now owns 89,742 shares of the company's stock valued at $2,124,000 after acquiring an additional 929 shares during the last quarter. Finally, Bridgewater Advisors Inc. lifted its position in Gold Fields by 4.9% during the first quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company's stock valued at $441,000 after acquiring an additional 934 shares during the last quarter. Institutional investors own 24.81% of the company's stock.

Gold Fields Trading Up 5.0%

Shares of GFI traded up $1.21 during midday trading on Friday, hitting $25.43. The stock had a trading volume of 2,903,622 shares, compared to its average volume of 3,463,240. Gold Fields has a 1 year low of $12.98 and a 1 year high of $26.36. The firm has a market cap of $22.76 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.26 and a beta of 0.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 0.73. The stock's 50 day moving average is $23.55 and its 200 day moving average is $21.02.

About Gold Fields

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.