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

Shares of Gold Fields Limited (NYSE:GFI) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $16.45.

GFI has been the subject of several analyst reports. 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 report on Wednesday, January 15th. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th.

Gold Fields Stock Performance

NYSE GFI opened at $16.41 on Friday. The business has a 50 day simple moving average of $14.49 and a two-hundred day simple moving average of $15.26. Gold Fields has a 1-year low of $12.28 and a 1-year high of $18.97.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. purchased a new position in shares of Gold Fields during the 3rd quarter worth $160,000. Concurrent Investment Advisors LLC lifted its stake in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after acquiring an additional 850 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Gold Fields during the third quarter worth $209,000. Rakuten Securities Inc. increased its holdings in shares of Gold Fields by 90.7% in the 3rd quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock valued at $254,000 after acquiring an additional 7,879 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in Gold Fields by 10.5% in the fourth quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company’s stock valued at $279,000 after acquiring an additional 2,014 shares in the last quarter. 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.