Gold Fields Limited (NYSE:GFI) Receives Average Rating of “Reduce” from Analysts

Gold Fields Limited (NYSE:GFIGet Free Report) has received a consensus rating of “Reduce” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.17.

A number of brokerages have issued reports on GFI. BMO Capital Markets lowered their price target on Gold Fields from $14.00 to $13.50 and set an “underperform” rating on the stock in a research report on Friday, June 14th. UBS Group downgraded Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Scotiabank lowered their price target on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. increased their price target on Gold Fields from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th.

Check Out Our Latest Stock Analysis on GFI

Hedge Funds Weigh In On Gold Fields

A number of hedge funds have recently made changes to their positions in GFI. Barclays PLC raised its holdings in shares of Gold Fields by 155.6% during the third quarter. Barclays PLC now owns 209,507 shares of the company’s stock valued at $2,276,000 after acquiring an additional 127,542 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Gold Fields by 26.7% during the third quarter. Janney Montgomery Scott LLC now owns 24,895 shares of the company’s stock valued at $270,000 after acquiring an additional 5,242 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Gold Fields during the third quarter valued at approximately $5,295,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Gold Fields by 57.7% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 200,983 shares of the company’s stock valued at $2,183,000 after acquiring an additional 73,561 shares during the last quarter. Finally, Blair William & Co. IL acquired a new position in shares of Gold Fields during the third quarter valued at approximately $134,000. Institutional investors and hedge funds own 26.02% of the company’s stock.

Gold Fields Trading Up 2.9 %

Shares of GFI opened at $14.02 on Thursday. Gold Fields has a 52 week low of $10.31 and a 52 week high of $18.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25. The stock’s 50-day moving average price is $16.26 and its 200-day moving average price is $15.10.

About Gold Fields

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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.

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Analyst Recommendations for Gold Fields (NYSE:GFI)

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