Gold Fields Limited (NYSE:GFI) Receives Average Recommendation of “Hold” from Brokerages

Shares of Gold Fields Limited (NYSE:GFI) have received an average recommendation of “Hold” from the eleven research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $49.75.

Several research firms recently issued reports on GFI. Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and lifted their price objective for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Scotiabank dropped their price target on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, March 20th. Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd.

Institutional Investors Weigh In On Gold Fields

Several hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in Gold Fields by 10.6% during the first quarter. Parallel Advisors LLC now owns 7,988 shares of the company’s stock worth $363,000 after purchasing an additional 768 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Gold Fields by 56.9% during the first quarter. NewEdge Advisors LLC now owns 54,231 shares of the company’s stock worth $2,462,000 after purchasing an additional 19,670 shares during the last quarter. Groupe la Francaise lifted its stake in Gold Fields by 39.5% during the first quarter. Groupe la Francaise now owns 572,000 shares of the company’s stock worth $25,888,000 after purchasing an additional 162,000 shares during the last quarter. Bank of America Corp DE lifted its stake in Gold Fields by 32.1% during the first quarter. Bank of America Corp DE now owns 771,791 shares of the company’s stock worth $35,039,000 after purchasing an additional 187,755 shares during the last quarter. Finally, Cim LLC lifted its stake in Gold Fields by 0.9% during the first quarter. Cim LLC now owns 60,324 shares of the company’s stock worth $2,739,000 after purchasing an additional 523 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Up 1.7%

NYSE:GFI opened at $36.50 on Monday. Gold Fields has a 52-week low of $22.40 and a 52-week high of $61.64. The stock has a fifty day moving average of $42.91 and a 200 day moving average of $46.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.