Gold Fields Limited (NYSE:GFI) Receives $22.36 Consensus Target Price from Brokerages

Gold Fields Limited (NYSE:GFI) has received an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $22.36.

GFI has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday. Canaccord Genuity Group initiated coverage on shares of Gold Fields in a report on Monday, July 28th. They issued a “buy” rating and a $33.00 target price on the stock.

Institutional Investors Weigh In On Gold Fields

A number of hedge funds have recently made changes to their positions in GFI. Country Trust Bank acquired a new stake in Gold Fields during the 2nd quarter worth approximately $26,000. Penserra Capital Management LLC acquired a new stake in Gold Fields during the 2nd quarter worth approximately $26,000. Richardson Financial Services Inc. acquired a new stake in Gold Fields during the 1st quarter worth approximately $26,000. IFP Advisors Inc boosted its position in Gold Fields by 672.1% during the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock worth $37,000 after buying an additional 1,351 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Gold Fields during the 2nd quarter worth approximately $47,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Price Performance

NYSE:GFI opened at $30.02 on Tuesday. Gold Fields has a 52 week low of $12.98 and a 52 week high of $31.77. The firm has a market cap of $26.87 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 0.32 and a beta of 0.42. The firm’s 50-day simple moving average is $25.62 and its 200 day simple moving average is $22.71. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14.

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.