Brokerages Set Gold Fields Limited (NYSE:GFI) PT at $16.03

Shares of Gold Fields Limited (NYSE:GFI) have been given a consensus rating of “Hold” by the six research firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $16.03.

A number of equities research analysts recently issued reports on the company. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. dropped their price objective on 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, Bank of America initiated coverage on shares of Gold Fields in a report on Monday, September 16th. They issued a “buy” rating and a $16.00 target price on the stock.

Institutional Trading of Gold Fields

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

Gold Fields Trading Down 0.6 %

Shares of 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 cap of $12.50 billion, a P/E ratio of 6.62, a PEG ratio of 0.43 and a beta of 1.13. The company has a 50-day moving average of $14.60 and a two-hundred day moving average of $15.25.

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.