Brokerages Set Gold Fields Limited (NYSE:GFI) Target Price at $18.56

Gold Fields Limited (NYSE:GFI) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $18.56.

GFI has been the subject of a number of research analyst reports. HSBC reissued a “hold” rating and issued a $21.00 target price on shares of Gold Fields in a research note on Thursday, April 17th. Scotiabank boosted their target price on Gold Fields from $20.00 to $23.00 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Wall Street Zen cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Hsbc Global Res raised Gold Fields to a “hold” rating in a research report on Thursday, April 17th.

Gold Fields Trading Up 9.7%

NYSE:GFI opened at $25.24 on Thursday. Gold Fields has a 1 year low of $12.98 and a 1 year high of $25.52. The stock has a market cap of $22.59 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 0.30 and a beta of 0.57. The stock has a 50-day moving average price of $22.28 and a two-hundred day moving average price of $18.62.

Institutional Trading of Gold Fields

Several institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio bought a new stake in Gold Fields in the first quarter valued at approximately $311,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Gold Fields during the first quarter worth approximately $30,914,000. Jones Financial Companies Lllp bought a new position in shares of Gold Fields during the first quarter worth approximately $268,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Gold Fields during the first quarter worth approximately $236,000. Finally, NewEdge Advisors LLC increased its stake in shares of Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after purchasing an additional 2,152 shares during the period. Institutional investors own 24.81% of the company’s stock.

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.