Gold Fields Limited (NYSE:GFI) Receives $16.45 Average Price Target from Brokerages

Gold Fields Limited (NYSE:GFI) has been given a consensus rating of “Hold” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.45.

A number of equities analysts have weighed in on the stock. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. boosted their target price on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th.

Gold Fields Trading Up 1.0 %

Shares of Gold Fields stock opened at $16.41 on Friday. Gold Fields has a 1 year low of $12.28 and a 1 year high of $18.97. The company has a 50-day moving average of $14.49 and a 200 day moving average of $15.26.

Hedge Funds Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning increased its holdings in shares of Gold Fields by 15.2% in the 2nd quarter. Creative Planning now owns 54,242 shares of the company’s stock worth $808,000 after purchasing an additional 7,155 shares in the last quarter. Bank of Montreal Can raised its position in Gold Fields by 36.9% in the 3rd quarter. Bank of Montreal Can now owns 263,575 shares of the company’s stock worth $4,280,000 after buying an additional 71,094 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Gold Fields during the 3rd quarter valued at about $1,052,000. International Assets Investment Management LLC purchased a new stake in shares of Gold Fields during the 3rd quarter valued at about $10,600,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Gold Fields by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after buying an additional 580,546 shares during the period. 24.81% of the stock is owned by institutional investors.

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.