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

Gold Fields Limited (NYSE:GFI) has earned a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $16.03.

A number of brokerages have weighed in on GFI. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. dropped their target price on shares of Gold Fields from $18.00 to $17.10 and set a “neutral” rating on the stock in a report on Friday, December 6th. Finally, Bank of America assumed coverage on shares of Gold Fields in a report on Monday, September 16th. They issued a “buy” rating and a $16.00 price target for the company.

Gold Fields Stock Performance

Gold Fields stock opened at $13.97 on Monday. The company has a market capitalization of $12.50 billion, a PE ratio of 6.62, a P/E/G ratio of 0.43 and a beta of 1.13. The company has a 50 day moving average price of $14.60 and a 200-day moving average price of $15.24. Gold Fields has a fifty-two week low of $12.19 and a fifty-two week high of $18.97.

Hedge Funds Weigh In On Gold Fields

A number of large investors have recently added to or reduced their stakes in GFI. Creative Planning grew its position in shares of Gold Fields by 15.2% in the 2nd quarter. Creative Planning now owns 54,242 shares of the company’s stock worth $808,000 after buying an additional 7,155 shares during the last quarter. Bank of Montreal Can grew its holdings in Gold Fields by 36.9% in the third quarter. Bank of Montreal Can now owns 263,575 shares of the company’s stock worth $4,280,000 after purchasing an additional 71,094 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Gold Fields during the third quarter worth $1,052,000. International Assets Investment Management LLC acquired a new position in shares of Gold Fields during the third quarter worth $10,600,000. Finally, Range Financial Group LLC purchased a new stake in shares of Gold Fields during the 2nd quarter valued at $1,243,000. 24.81% of the stock is currently owned by institutional investors.

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.