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

Shares of Gold Fields Limited (NYSE:GFI) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $6.00.

A number of equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Gold Fields from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Gold Fields in a research report on Friday, August 16th. JPMorgan Chase & Co. dropped their target price on shares of Gold Fields from $6.20 to $6.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Finally, Zacks Investment Research lowered Gold Fields from a “hold” rating to a “sell” rating in a research report on Friday, November 15th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GFI. Invesco Ltd. purchased a new position in Gold Fields in the second quarter valued at about $15,797,000. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Gold Fields by 1.6% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 476,082 shares of the company’s stock valued at $2,342,000 after acquiring an additional 7,460 shares during the last quarter. BlackRock Inc. increased its position in Gold Fields by 49.5% during the 2nd quarter. BlackRock Inc. now owns 46,738,087 shares of the company’s stock worth $252,853,000 after purchasing an additional 15,477,875 shares in the last quarter. F3Logic LLC increased its position in Gold Fields by 98.7% during the 2nd quarter. F3Logic LLC now owns 26,324 shares of the company’s stock worth $144,000 after purchasing an additional 13,079 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Gold Fields by 11.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 557,391 shares of the company’s stock valued at $3,015,000 after purchasing an additional 56,851 shares during the last quarter. 42.25% of the stock is owned by institutional investors.

Shares of GFI traded up $0.06 during trading on Friday, reaching $6.08. 12,499,053 shares of the company traded hands, compared to its average volume of 6,822,827. Gold Fields has a twelve month low of $3.00 and a twelve month high of $6.29. The stock has a market cap of $4.99 billion, a PE ratio of 86.86 and a beta of -1.18. The stock has a 50-day simple moving average of $5.50 and a 200-day simple moving average of $5.30.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.

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