Analysts Set Gold Fields Limited (GFI) Target Price at $4.58

Shares of Gold Fields Limited (NYSE:GFI) have been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $4.58.

A number of research firms have recently issued reports on GFI. Zacks Investment Research upgraded Gold Fields from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. ValuEngine lowered Gold Fields from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. BMO Capital Markets set a $3.00 price objective on Gold Fields and gave the stock a “sell” rating in a report on Sunday, December 16th. Finally, Royal Bank of Canada raised Gold Fields from a “sector perform” rating to an “outperform” rating in a report on Tuesday, September 18th.

Shares of GFI stock opened at $3.69 on Wednesday. The stock has a market capitalization of $3.06 billion, a PE ratio of 15.38 and a beta of -1.29. Gold Fields has a 52-week low of $2.20 and a 52-week high of $4.54.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GFI. Donald Smith & CO. Inc. lifted its stake in Gold Fields by 37.1% during the third quarter. Donald Smith & CO. Inc. now owns 31,183,692 shares of the company’s stock valued at $75,465,000 after purchasing an additional 8,446,756 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Gold Fields by 776.8% in the third quarter. AQR Capital Management LLC now owns 6,401,754 shares of the company’s stock worth $15,492,000 after acquiring an additional 5,671,640 shares during the last quarter. Ruffer LLP lifted its holdings in shares of Gold Fields by 33.7% in the third quarter. Ruffer LLP now owns 18,010,449 shares of the company’s stock worth $43,675,000 after acquiring an additional 4,541,043 shares during the last quarter. Majedie Asset Management Ltd lifted its holdings in shares of Gold Fields by 16.6% in the third quarter. Majedie Asset Management Ltd now owns 25,281,087 shares of the company’s stock worth $61,180,000 after acquiring an additional 3,603,741 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Gold Fields by 78.9% in the third quarter. Morgan Stanley now owns 7,546,068 shares of the company’s stock worth $18,262,000 after acquiring an additional 3,327,118 shares during the last quarter. 38.30% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Company Profile

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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Analyst Recommendations for Gold Fields (NYSE:GFI)

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