Gold Fields Limited (NYSE:GFI) Receives $16.03 Consensus PT from Analysts

Shares of Gold Fields Limited (NYSE:GFI) have received a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. Four 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 analysts that have covered the stock in the last year is $16.03.

Several equities research analysts recently issued reports on GFI shares. 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. decreased their price target on shares of Gold Fields from $18.00 to $17.10 and set a “neutral” rating on the stock in a report on Friday, December 6th. Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Bank of America started coverage on Gold Fields in a report on Monday, September 16th. They issued a “buy” rating and a $16.00 target price on the stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. LGT Fund Management Co Ltd. purchased a new stake in shares of Gold Fields during the second quarter valued at approximately $149,000. Concurrent Investment Advisors LLC purchased a new stake in Gold Fields during the 2nd quarter worth $153,000. QRG Capital Management Inc. acquired a new position in Gold Fields in the 3rd quarter worth $160,000. Candriam S.C.A. purchased a new position in Gold Fields in the 2nd quarter valued at about $189,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Gold Fields during the third quarter valued at about $209,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Trading Up 0.3 %

Shares of NYSE:GFI opened at $13.20 on Monday. Gold Fields has a 12-month low of $12.19 and a 12-month high of $18.97. The stock’s 50-day moving average price is $14.75 and its two-hundred day moving average price is $15.25. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 0.43 and a beta of 1.13.

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.