Gold Fields Limited (NYSE:GFI) Receives $16.03 Average Price Target from Analysts

Gold Fields Limited (NYSE:GFI) has earned an average rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $16.03.

GFI has been the topic of a number of research reports. Bank of America started coverage on Gold Fields in a research note on Monday, September 16th. They issued a “buy” rating and a $16.00 price objective on the stock. StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price objective on shares of Gold Fields from $18.00 to $17.10 and set a “neutral” rating for the company in a research report on Friday, December 6th. Finally, Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th.

Hedge Funds Weigh In On Gold Fields

Large investors have recently made changes to their positions in the company. Concurrent Investment Advisors LLC lifted its stake in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after purchasing an additional 850 shares during the last quarter. Sierra Summit Advisors LLC lifted its stake in shares of Gold Fields by 8.6% during the 2nd quarter. Sierra Summit Advisors LLC now owns 23,380 shares of the company’s stock worth $348,000 after acquiring an additional 1,857 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Gold Fields by 11.1% during the 3rd quarter. Quantinno Capital Management LP now owns 21,205 shares of the company’s stock valued at $326,000 after acquiring an additional 2,118 shares during the period. DekaBank Deutsche Girozentrale grew its position in Gold Fields by 1.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company’s stock valued at $1,929,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Gold Fields by 13.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company’s stock worth $318,000 after purchasing an additional 2,480 shares during the period. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Trading Down 0.6 %

NYSE:GFI opened at $13.97 on Monday. Gold Fields has a 12-month low of $12.19 and a 12-month high of $18.97. The stock has a market capitalization of $12.50 billion, a P/E ratio of 6.62, a P/E/G ratio of 0.43 and a beta of 1.13. The stock has a 50-day moving average price of $14.60 and a 200 day moving average price of $15.24.

About Gold Fields

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.