Gold Fields Limited (GFI) Receives Average Rating of “Hold” from Brokerages
Gold Fields Limited (NYSE:GFI) has received an average recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $4.00.
A number of research analysts have weighed in on GFI shares. Zacks Investment Research raised Gold Fields from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. BMO Capital Markets started coverage on Gold Fields in a report on Monday, December 10th. They issued an “underperform” rating and a $3.00 target price on the stock. JPMorgan Chase & Co. downgraded Gold Fields from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $4.10 to $4.00 in a report on Thursday, February 21st. ValuEngine raised Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Finally, Morgan Stanley downgraded Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 31st.
GFI stock opened at $4.14 on Monday. Gold Fields has a fifty-two week low of $2.20 and a fifty-two week high of $4.45. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 59.14 and a beta of -1.05.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of Gold Fields by 9.5% in the second quarter. Northern Trust Corp now owns 497,700 shares of the company’s stock worth $1,776,000 after buying an additional 43,357 shares during the period. Virtu Financial LLC bought a new stake in Gold Fields during the 3rd quarter valued at approximately $100,000. SG Americas Securities LLC raised its stake in Gold Fields by 46.5% during the 3rd quarter. SG Americas Securities LLC now owns 512,667 shares of the company’s stock valued at $1,241,000 after purchasing an additional 162,682 shares during the period. Morgan Stanley raised its stake in Gold Fields by 78.9% during the 3rd quarter. Morgan Stanley now owns 7,546,068 shares of the company’s stock valued at $18,262,000 after purchasing an additional 3,327,118 shares during the period. Finally, American Century Companies Inc. raised its stake in Gold Fields by 11.7% during the 3rd quarter. American Century Companies Inc. now owns 1,181,100 shares of the company’s stock valued at $2,858,000 after purchasing an additional 123,700 shares during the period. 41.81% of the stock is currently owned by hedge funds and other institutional investors.
About Gold Fields
Gold Fields Limited produces gold and holds gold reserves and resources in South Africa, Ghana, Australia, and Peru. The company engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. It holds interests in seven 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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