Gold Fields Limited (NYSE:GFI) Receives $22.36 Average Target Price from Brokerages

Shares of Gold Fields Limited (NYSE:GFI) have received a consensus rating of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $22.36.

Several equities research analysts have recently weighed in on the company. Hsbc Global Res raised Gold Fields to a “hold” rating in a research note on Thursday, April 17th. HSBC reaffirmed a “hold” rating and set a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. Wall Street Zen cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 30th. Finally, Canaccord Genuity Group began coverage on Gold Fields in a report on Monday, July 28th. They set a “buy” rating and a $33.00 price objective on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GFI. Raymond James Financial Inc. purchased a new position in Gold Fields during the fourth quarter valued at approximately $362,000. Capital Fund Management S.A. purchased a new stake in Gold Fields in the 4th quarter worth approximately $4,619,000. Mariner LLC boosted its stake in shares of Gold Fields by 34.3% during the 4th quarter. Mariner LLC now owns 20,375 shares of the company’s stock valued at $269,000 after buying an additional 5,204 shares during the period. Bridgewater Associates LP grew its holdings in shares of Gold Fields by 97.1% during the 4th quarter. Bridgewater Associates LP now owns 815,113 shares of the company’s stock valued at $10,759,000 after acquiring an additional 401,567 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Gold Fields by 1,594.7% during the 4th quarter. Marshall Wace LLP now owns 2,114,631 shares of the company’s stock valued at $27,913,000 after acquiring an additional 1,989,849 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Down 1.5%

Shares of NYSE:GFI opened at $29.78 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14. The stock has a market capitalization of $26.65 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 0.32 and a beta of 0.42. Gold Fields has a 1-year low of $12.98 and a 1-year high of $31.77. The company has a 50 day moving average price of $25.51 and a 200 day moving average price of $22.58.

Gold Fields Company Profile

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.