Brokerages Set Gold Fields Limited (NYSE:GFI) Target Price at $50.38

Gold Fields Limited (NYSE:GFI) has received an average rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $50.3750.

GFI has been the subject of several recent analyst reports. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada decreased their target price on Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Scotiabank dropped their target price on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Finally, Wall Street Zen upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Monday, July 20th.

Hedge Funds Weigh In On Gold Fields

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in shares of Gold Fields by 69.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock worth $191,407,000 after buying an additional 1,794,124 shares in the last quarter. Man Group plc boosted its holdings in shares of Gold Fields by 63.7% during the 4th quarter. Man Group plc now owns 3,650,799 shares of the company’s stock valued at $159,394,000 after acquiring an additional 1,421,121 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Gold Fields by 211.0% during the 4th quarter. AQR Capital Management LLC now owns 1,791,823 shares of the company’s stock valued at $78,231,000 after acquiring an additional 1,215,647 shares in the last quarter. Van ECK Associates Corp grew its position 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 acquiring an additional 1,180,634 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Gold Fields during the 3rd quarter worth $42,963,000. Institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

NYSE GFI opened at $47.26 on Friday. The business has a fifty day moving average price of $36.09 and a two-hundred day moving average price of $42.59. Gold Fields has a fifty-two week low of $31.11 and a fifty-two week high of $61.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79.

About Gold Fields

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.