Gold Fields Limited (NYSE:GFI) Receives $6.00 Average Price Target from Brokerages

Gold Fields Limited (NYSE:GFI) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $6.00.

A number of equities analysts have commented on the stock. ValuEngine downgraded shares of Gold Fields from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Royal Bank of Canada reiterated a “sector perform” rating on shares of Gold Fields in a report on Friday, August 16th. JPMorgan Chase & Co. reduced 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 downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Thursday, September 5th.

A number of institutional investors have recently made changes to their positions in GFI. BlackRock Inc. grew its stake in shares of Gold Fields by 49.5% during the second quarter. BlackRock Inc. now owns 46,738,087 shares of the company’s stock worth $252,853,000 after acquiring an additional 15,477,875 shares during the last quarter. Donald Smith & CO. Inc. grew its stake in shares of Gold Fields by 44.7% during the third quarter. Donald Smith & CO. Inc. now owns 37,922,465 shares of the company’s stock worth $186,579,000 after acquiring an additional 11,705,956 shares during the last quarter. Bamco Inc. NY purchased a new stake in shares of Gold Fields during the second quarter worth about $30,828,000. JPMorgan Chase & Co. grew its stake in shares of Gold Fields by 29,542.5% during the second quarter. JPMorgan Chase & Co. now owns 4,130,084 shares of the company’s stock worth $22,386,000 after acquiring an additional 4,116,151 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Gold Fields by 16.0% during the second quarter. Renaissance Technologies LLC now owns 23,465,300 shares of the company’s stock worth $126,947,000 after acquiring an additional 3,241,900 shares during the last quarter. Institutional investors and hedge funds own 42.54% of the company’s stock.

Gold Fields stock traded down $0.06 during trading hours on Tuesday, reaching $5.07. The stock had a trading volume of 8,930,087 shares, compared to its average volume of 6,932,959. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 72.43 and a beta of -1.06. The business’s 50 day moving average price is $5.49 and its 200-day moving average price is $5.10. Gold Fields has a 52 week low of $2.70 and a 52 week high of $6.29.

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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