Analysts Set Gold Fields Limited (NYSE:GFI) PT at $16.45

Gold Fields Limited (NYSE:GFI) has been assigned an average rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four 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 brokerages that have updated their coverage on the stock in the last year is $16.45.

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their target price on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th.

Gold Fields Price Performance

Shares of NYSE GFI opened at $18.67 on Tuesday. The company has a market cap of $16.71 billion, a P/E ratio of 7.94, a PEG ratio of 0.30 and a beta of 1.15. Gold Fields has a 1 year low of $12.28 and a 1 year high of $19.80. The firm has a 50-day simple moving average of $15.92 and a two-hundred day simple moving average of $15.51.

Hedge Funds Weigh In On Gold Fields

Institutional investors have recently bought and sold shares of the business. FCA Corp TX purchased a new position in Gold Fields during the fourth quarter valued at approximately $108,000. Net Worth Advisory Group purchased a new position in Gold Fields during the fourth quarter valued at approximately $136,000. Signaturefd LLC increased its holdings in Gold Fields by 19.1% during the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after buying an additional 1,656 shares during the period. QRG Capital Management Inc. purchased a new position in Gold Fields during the third quarter valued at approximately $160,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Gold Fields during the fourth quarter valued at approximately $139,000. 24.81% of the stock is owned by hedge funds and other 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.