Gold Fields Limited (NYSE:GFI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Gold Fields Limited (NYSE:GFI) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $42.1250.

GFI has been the topic of several recent analyst reports. Scotiabank increased their price objective on shares of Gold Fields from $30.00 to $47.00 and gave the company a “sector perform” rating in a research report on Thursday, October 23rd. Investec cut shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 10th. Canaccord Genuity Group lowered shares of Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a report on Monday, October 13th. BMO Capital Markets increased their target price on Gold Fields from $24.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. Finally, HSBC reissued a “hold” rating on shares of Gold Fields in a report on Thursday, October 9th.

Gold Fields Price Performance

NYSE GFI opened at $45.26 on Monday. Gold Fields has a 12 month low of $12.98 and a 12 month high of $47.18. The stock’s fifty day moving average price is $41.31 and its 200-day moving average price is $34.39.

Hedge Funds Weigh In On Gold Fields

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC grew its stake in shares of Gold Fields by 114.0% in the third quarter. FNY Investment Advisers LLC now owns 4,280 shares of the company’s stock worth $179,000 after acquiring an additional 2,280 shares during the period. IFP Advisors Inc lifted its position in Gold Fields by 319.8% during the third quarter. IFP Advisors Inc now owns 6,515 shares of the company’s stock valued at $273,000 after purchasing an additional 4,963 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in Gold Fields by 47.1% in the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after purchasing an additional 273 shares during the last quarter. Dorsey Wright & Associates bought a new stake in Gold Fields in the 3rd quarter worth approximately $2,758,000. Finally, NewEdge Advisors LLC raised its stake in Gold Fields by 36,077.0% during the 3rd quarter. NewEdge Advisors LLC now owns 36,177 shares of the company’s stock valued at $1,518,000 after buying an additional 36,077 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

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.