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

Key Points

• Gold Fields has a consensus “Hold” rating among 11 analysts: five recommend buying, four recommend holding, and two recommend selling. The average 12-month price target is $50.38.
• Analyst views have shifted recently, with Canaccord Genuity and Wall Street Zen upgrading the stock while Zacks Research downgraded it to “strong sell.” JPMorgan and Scotiabank also reduced their price targets.
• Gold Fields shares opened at $47.73, within a 12-month range of $29.56 to $61.64. Institutional investors own 24.81% of the company, with several major funds increasing their positions.

Shares of Gold Fields Limited (NYSE:GFI - Get Free Report) have received a consensus recommendation of "Hold" from the eleven ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $50.3750.

A number of research firms have recently issued reports on GFI. Zacks Research downgraded shares of Gold Fields from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 21st. Wall Street Zen raised shares of Gold Fields from a "hold" rating to a "buy" rating in a research report on Monday, July 20th. Canaccord Genuity Group upgraded shares of Gold Fields from a "hold" rating to a "buy" rating and increased their price objective for the stock from $40.25 to $57.25 in a research note on Friday, April 24th. JPMorgan Chase & Co. cut their target price on shares of Gold Fields from $75.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. Finally, Scotiabank decreased their target price on Gold Fields from $60.00 to $52.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 14th.

Gold Fields Stock Performance

Gold Fields stock opened at $47.73 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. Gold Fields has a 12 month low of $29.56 and a 12 month high of $61.64. The company has a fifty day moving average price of $35.94 and a two-hundred day moving average price of $42.67.

Institutional Trading of Gold Fields

Several hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp grew its stake in Gold Fields by 3.4% during the 4th quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company's stock worth $1,549,227,000 after buying an additional 1,180,634 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Gold Fields by 69.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company's stock valued at $191,407,000 after buying an additional 1,794,124 shares during the last quarter. Man Group plc lifted its stake in Gold Fields by 63.7% in the fourth quarter. Man Group plc now owns 3,650,799 shares of the company's stock valued at $159,394,000 after buying an additional 1,421,121 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Gold Fields by 62.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company's stock valued at $114,147,000 after acquiring an additional 910,580 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Gold Fields by 3.5% during the fourth quarter. Morgan Stanley now owns 2,049,360 shares of the company's stock valued at $89,475,000 after acquiring an additional 68,378 shares during the period. Institutional investors own 24.81% of the company's stock.

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.

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