Shares of Gold Fields Limited (NYSE:GFI) have been assigned a consensus rating of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.41.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Gold Fields Limited from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research report on Tuesday, June 27th. BidaskClub upgraded shares of Gold Fields Limited from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th.
Several hedge funds have recently made changes to their positions in GFI. Tower Research Capital LLC TRC boosted its stake in shares of Gold Fields Limited by 450.5% in the first quarter. Tower Research Capital LLC TRC now owns 75,117 shares of the company’s stock worth $265,000 after buying an additional 61,472 shares during the period. FNY Partners Fund LP purchased a new stake in shares of Gold Fields Limited during the first quarter worth about $353,000. Two Sigma Securities LLC purchased a new stake in shares of Gold Fields Limited during the first quarter worth about $148,000. BlackRock Inc. boosted its stake in shares of Gold Fields Limited by 1,114.7% in the first quarter. BlackRock Inc. now owns 57,107,933 shares of the company’s stock worth $201,591,000 after buying an additional 52,406,572 shares during the period. Finally, Ruffer LLP boosted its stake in shares of Gold Fields Limited by 6.3% in the first quarter. Ruffer LLP now owns 9,104,912 shares of the company’s stock worth $34,087,000 after buying an additional 537,650 shares during the period. 33.24% of the stock is owned by hedge funds and other institutional investors.
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Gold Fields Limited (NYSE:GFI) opened at 3.485 on Monday. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 17.425 and a beta of -1.06. The company has a 50-day moving average of $3.66 and a 200-day moving average of $3.43. Gold Fields Limited has a 1-year low of $2.60 and a 1-year high of $6.60.
Gold Fields Limited Company Profile
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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