Gold Fields Limited (NYSE:GFI) Receives $42.13 Consensus PT from Analysts

Gold Fields Limited (NYSE:GFI) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $42.1250.

GFI has been the topic of a number of recent research reports. Investec lowered Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. raised their price objective on shares of Gold Fields from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. BMO Capital Markets lifted their target price on shares of Gold Fields from $24.00 to $32.00 and gave the stock a “market perform” rating in a research report on Monday, August 25th. Canaccord Genuity Group cut shares of Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price target for the company. in a research report on Monday, October 13th. Finally, Royal Bank Of Canada dropped their price target on shares of Gold Fields to $45.00 and set an “outperform” rating for the company in a research note on Monday, November 24th.

Institutional Investors Weigh In On Gold Fields

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC bought a new stake in Gold Fields in the second quarter valued at approximately $26,000. Country Trust Bank acquired a new position in shares of Gold Fields in the 2nd quarter worth approximately $26,000. CIBC Private Wealth Group LLC boosted its stake 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 purchasing an additional 273 shares during the last quarter. IFP Advisors Inc increased its position in shares of Gold Fields by 672.1% during the second quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock worth $37,000 after buying an additional 1,351 shares during the period. Finally, Archer Investment Corp acquired a new stake in shares of Gold Fields during the third quarter worth $42,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Performance

Shares of Gold Fields stock opened at $44.69 on Monday. The company’s 50 day moving average price is $41.15 and its two-hundred day moving average price is $34.05. Gold Fields has a fifty-two week low of $12.98 and a fifty-two week high of $47.18.

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.