Gold Fields (NYSE:GFI) Earns Hold Rating from HSBC

Gold Fields (NYSE:GFI)‘s stock had its “hold” rating restated by research analysts at HSBC in a note issued to investors on Thursday,Benzinga reports. They currently have a $21.00 price objective on the stock. HSBC’s price target would suggest a potential downside of 15.01% from the stock’s previous close.

Other analysts also recently issued research reports about the company. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 10th. Scotiabank raised their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Monday. Finally, JPMorgan Chase & Co. upped their target price on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.56.

Gold Fields Trading Up 3.5 %

NYSE:GFI opened at $24.71 on Thursday. The firm has a market capitalization of $22.12 billion, a PE ratio of 10.51, a PEG ratio of 0.30 and a beta of 0.92. Gold Fields has a 1 year low of $12.98 and a 1 year high of $25.52. The firm’s fifty day simple moving average is $20.57 and its 200 day simple moving average is $17.16.

Hedge Funds Weigh In On Gold Fields

Hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. acquired a new position in Gold Fields in the first quarter worth about $2,914,000. SG Americas Securities LLC raised its holdings in shares of Gold Fields by 105.7% in the 1st quarter. SG Americas Securities LLC now owns 180,956 shares of the company’s stock worth $3,997,000 after buying an additional 92,966 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company’s stock worth $83,000 after buying an additional 649 shares during the period. Range Financial Group LLC boosted its stake in Gold Fields by 52.3% in the 1st quarter. Range Financial Group LLC now owns 88,813 shares of the company’s stock valued at $1,962,000 after buying an additional 30,485 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new stake in Gold Fields in the first quarter valued at $1,096,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

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.