Shares of Gold Fields Limited (NYSE:GFI – Get Rating) have been given a consensus rating of “Hold” by the six research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $13.40.
Several brokerages have recently issued reports on GFI. BMO Capital Markets raised their price target on shares of Gold Fields from $10.50 to $11.50 and gave the stock a “market perform” rating in a research note on Wednesday, November 23rd. StockNews.com upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. CAPROCK Group Inc. grew its stake in Gold Fields by 11.6% in the 3rd quarter. CAPROCK Group Inc. now owns 12,008 shares of the company’s stock valued at $97,000 after buying an additional 1,245 shares in the last quarter. Captrust Financial Advisors grew its stake in Gold Fields by 100.8% in the 2nd quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock valued at $25,000 after buying an additional 1,376 shares in the last quarter. Ethic Inc. grew its stake in Gold Fields by 5.3% in the 3rd quarter. Ethic Inc. now owns 28,671 shares of the company’s stock valued at $232,000 after buying an additional 1,453 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Gold Fields by 5.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 29,016 shares of the company’s stock valued at $449,000 after purchasing an additional 1,566 shares during the period. Finally, Aigen Investment Management LP boosted its holdings in Gold Fields by 7.7% in the 3rd quarter. Aigen Investment Management LP now owns 23,703 shares of the company’s stock valued at $192,000 after purchasing an additional 1,690 shares during the period. 26.34% of the stock is currently owned by hedge funds and other institutional investors.
Gold Fields Trading Down 1.1 %
NYSE:GFI opened at $10.19 on Friday. The firm has a 50-day moving average price of $9.68 and a two-hundred day moving average price of $9.14. Gold Fields has a 52 week low of $7.03 and a 52 week high of $17.20.
Gold Fields Company Profile
Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces.
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