Analysts Set Gold Fields Limited (NYSE:GFI) Price Target at $49.75

Gold Fields Limited (NYSE:GFI) has received an average recommendation of “Hold” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $49.75.

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

Gold Fields Stock Down 3.1%

NYSE GFI opened at $33.52 on Friday. Gold Fields has a one year low of $23.24 and a one year high of $61.64. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average is $38.77 and its 200-day moving average is $45.51.

Institutional Investors Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GFI. Blue Trust Inc. boosted its position in Gold Fields by 4.5% during the first quarter. Blue Trust Inc. now owns 4,957 shares of the company’s stock worth $225,000 after purchasing an additional 215 shares during the period. Manning & Napier Advisors LLC lifted its stake in shares of Gold Fields by 0.3% during the 1st quarter. Manning & Napier Advisors LLC now owns 79,680 shares of the company’s stock valued at $3,617,000 after buying an additional 241 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Gold Fields by 1.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,003 shares of the company’s stock worth $786,000 after buying an additional 251 shares during the period. Harbour Capital Advisors LLC grew its stake in Gold Fields by 0.5% in the 4th quarter. Harbour Capital Advisors LLC now owns 50,525 shares of the company’s stock valued at $2,201,000 after buying an additional 265 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in Gold Fields by 3.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,751 shares of the company’s stock valued at $338,000 after buying an additional 269 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.

About Gold Fields

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.