Gold Fields Limited (NYSE:GFI) Receives $16.45 Consensus Target Price from Analysts

Shares of Gold Fields Limited (NYSE:GFI) have been assigned a consensus rating of “Hold” from the six analysts that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $16.45.

Several equities analysts recently issued reports on GFI shares. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on 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

GFI opened at $19.29 on Tuesday. The stock’s 50 day simple moving average is $15.92 and its 200 day simple moving average is $15.50. Gold Fields has a 1 year low of $12.28 and a 1 year high of $19.80. The firm has a market cap of $17.27 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 0.30 and a beta of 1.15.

Institutional Investors Weigh In On Gold Fields

Large investors have recently made changes to their positions in the business. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of Gold Fields in the 4th quarter valued at approximately $570,000. Public Employees Retirement System of Ohio purchased a new position in shares of Gold Fields in the 4th quarter valued at approximately $139,000. Two Sigma Investments LP lifted its stake in shares of Gold Fields by 61.1% in the 4th quarter. Two Sigma Investments LP now owns 64,256 shares of the company’s stock valued at $848,000 after purchasing an additional 24,365 shares during the period. Silvercrest Asset Management Group LLC purchased a new position in shares of Gold Fields in the 4th quarter valued at approximately $9,033,000. Finally, Quantinno Capital Management LP lifted its stake in shares of Gold Fields by 53.4% in the 4th quarter. Quantinno Capital Management LP now owns 32,527 shares of the company’s stock valued at $429,000 after purchasing an additional 11,322 shares during the period. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Company Profile

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.