Zacks: Gold Fields Limited (GFI) Receives Average Rating of “Hold” from Brokerages

Gold Fields Limited (NYSE:GFI) has earned a consensus broker rating score of 3.33 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating, one has given a sell rating and one has issued a strong buy rating on the company.

Brokerages have set a 12 month consensus price target of $4.98 for the company, according to Zacks. Zacks has also given Gold Fields an industry rank of 194 out of 265 based on the ratings given to related companies.

Several research analysts have recently issued reports on GFI shares. Deutsche Bank upgraded Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research upgraded Gold Fields from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research note on Tuesday, January 9th. Finally, HSBC upgraded Gold Fields from a “reduce” rating to a “hold” rating in a research note on Friday, January 19th.

Shares of Gold Fields (NYSE GFI) traded up $0.05 during trading hours on Thursday, hitting $4.17. The stock had a trading volume of 2,996,139 shares, compared to its average volume of 4,145,233. Gold Fields has a 1 year low of $2.86 and a 1 year high of $4.70. The stock has a market capitalization of $3,370.00, a PE ratio of 32.23, a price-to-earnings-growth ratio of 2.07 and a beta of -1.02.

A number of institutional investors have recently bought and sold shares of GFI. Jefferies Group LLC acquired a new stake in Gold Fields during the fourth quarter worth about $108,000. Quantitative Investment Management LLC acquired a new stake in Gold Fields during the fourth quarter worth about $129,000. Timber Hill LLC acquired a new stake in Gold Fields during the third quarter worth about $148,000. State of Wisconsin Investment Board acquired a new stake in Gold Fields during the fourth quarter worth about $177,000. Finally, Tower Research Capital LLC TRC grew its holdings in Gold Fields by 53.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 56,298 shares of the company’s stock worth $242,000 after acquiring an additional 19,689 shares during the period. 32.61% of the stock is currently owned by hedge funds and other institutional investors.

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Gold Fields Company Profile

Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.

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