Gold Fields Limited (NYSE:GFI) Given Average Recommendation of “Reduce” by Brokerages

Shares of Gold Fields Limited (NYSE:GFI) have been assigned a consensus recommendation of “Reduce” from the five ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $15.90.

GFI has been the subject of several analyst reports. StockNews.com lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. BMO Capital Markets raised Gold Fields from an “underperform” rating to a “market perform” rating and increased their price target for the company from $13.50 to $14.00 in a research report on Wednesday, June 26th. Scotiabank cut their price objective 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. JPMorgan Chase & Co. decreased their target price on Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Finally, UBS Group downgraded shares of Gold Fields from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th.

Institutional Trading of Gold Fields

Several hedge funds have recently made changes to their positions in GFI. GAMMA Investing LLC bought a new stake in Gold Fields in the 4th quarter valued at about $26,000. Tower Research Capital LLC TRC raised its position in shares of Gold Fields by 133.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,673 shares of the company’s stock valued at $68,000 after purchasing an additional 2,668 shares during the period. Parallel Advisors LLC lifted its stake in shares of Gold Fields by 51.7% during the 4th quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock valued at $71,000 after buying an additional 1,662 shares in the last quarter. Cerity Partners LLC bought a new position in Gold Fields in the 4th quarter worth approximately $149,000. Finally, Concurrent Investment Advisors LLC purchased a new position in Gold Fields in the 2nd quarter valued at approximately $153,000. 26.02% of the stock is currently owned by institutional investors.

Gold Fields Trading Up 1.7 %

NYSE GFI opened at $16.47 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $15.66 and a 200-day moving average price of $15.48. Gold Fields has a 1 year low of $10.31 and a 1 year high of $18.97.

Gold Fields Company Profile

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.