Analysts Set Gold Fields Limited (NYSE:GFI) Price Target at $16.45

Gold Fields Limited (NYSE:GFI) has been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $16.45.

Several research analysts recently commented on GFI shares. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Finally, Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GFI. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Gold Fields by 13.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company’s stock worth $318,000 after buying an additional 2,480 shares during the period. Sei Investments Co. raised its holdings in shares of Gold Fields by 258.0% in the second quarter. Sei Investments Co. now owns 440,848 shares of the company’s stock valued at $6,569,000 after acquiring an additional 317,719 shares in the last quarter. Marshall Wace LLP purchased a new stake in Gold Fields in the second quarter worth about $1,898,000. AQR Capital Management LLC grew its holdings in Gold Fields by 8.0% during the 2nd quarter. AQR Capital Management LLC now owns 49,462 shares of the company’s stock worth $737,000 after acquiring an additional 3,673 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in Gold Fields by 28.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock valued at $38,878,000 after purchasing an additional 581,730 shares during the period. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Price Performance

Shares of NYSE:GFI opened at $16.73 on Friday. The firm has a fifty day simple moving average of $14.46 and a two-hundred day simple moving average of $15.26. Gold Fields has a 52 week low of $12.28 and a 52 week 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.