Brokerages Set Gold Fields Limited (NYSE:GFI) PT at $49.75

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

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

Institutional Trading of Gold Fields

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

Gold Fields Price Performance

Shares of NYSE:GFI opened at $36.50 on Monday. The company’s 50 day simple moving average is $42.91 and its 200 day simple moving average is $46.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. Gold Fields has a 1 year low of $22.40 and a 1 year high of $61.64.

Gold Fields Company Profile

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.