Gold Fields Limited (NYSE:GFI) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Gold Fields Limited has been assigned a consensus recommendation of "Hold" by seven brokerages, with four firms rating it as a hold and three as a buy.
• The average twelve-month target price for Gold Fields stock is $22.36, reflecting analysts' recent evaluations.
• Gold Fields has experienced a significant increase in institutional interest, with notable stakes acquired by multiple financial firms in recent months.

Gold Fields Limited (NYSE:GFI - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $22.36.

A number of equities analysts have weighed in on GFI shares. HSBC reiterated a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a research note on Thursday, April 17th. Scotiabank lifted their price objective on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a research report on Thursday, April 17th. Canaccord Genuity Group assumed coverage on Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 target price on the stock. Finally, Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th.

Institutional Investors Weigh In On Gold Fields

A number of institutional investors have recently modified their holdings of GFI. Richardson Financial Services Inc. acquired a new stake in Gold Fields in the 1st quarter worth about $26,000. Penserra Capital Management LLC acquired a new stake in Gold Fields in the 2nd quarter worth about $26,000. IFP Advisors Inc boosted its holdings in Gold Fields by 672.1% in the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company's stock worth $37,000 after buying an additional 1,351 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Gold Fields in the 1st quarter worth about $44,000. Finally, FNY Investment Advisers LLC acquired a new stake in Gold Fields in the 2nd quarter worth about $47,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Performance

NYSE GFI opened at $31.11 on Tuesday. The stock has a 50-day simple moving average of $25.19 and a two-hundred day simple moving average of $22.37. The firm has a market capitalization of $27.84 billion, a P/E ratio of 13.24, a PEG ratio of 0.34 and a beta of 0.42. Gold Fields has a fifty-two week low of $12.98 and a fifty-two week high of $31.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14.

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.

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