Gold Fields Limited (NYSE:GFI) Receives Average Rating of “Hold” from Brokerages

Shares of Gold Fields Limited (NYSE:GFI) have been assigned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $47.75.

GFI has been the subject of a number of research reports. Zacks Research lowered Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Scotiabank reduced their price objective on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Royal Bank Of Canada decreased their price objective on Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and increased their target price for the company from $40.25 to $57.25 in a research report on Friday, April 24th.

Institutional Investors Weigh In On Gold Fields

Hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in shares of Gold Fields in the 1st quarter worth about $25,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Gold Fields by 47.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after acquiring an additional 273 shares during the last quarter. Bayforest Capital Ltd lifted its holdings in shares of Gold Fields by 1,106.7% in the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after acquiring an additional 996 shares during the last quarter. Arax Advisory Partners grew its position in Gold Fields by 352.6% in the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after acquiring an additional 885 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC grew its position in Gold Fields by 24.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock worth $68,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Performance

Shares of Gold Fields stock opened at $33.95 on Tuesday. Gold Fields has a twelve month low of $26.20 and a twelve month 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. The business has a 50-day moving average price of $35.07 and a 200-day moving average price of $43.81.

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.