Brokerages Set $2.40 Target Price for Gold Fields Limited (GFI)

Gold Fields Limited (NYSE:GFI) has been assigned a consensus broker rating score of 3.33 (Hold) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating, one has assigned a sell rating and one has issued a strong buy rating on the company.

Brokerages have set a twelve-month consensus price objective of $2.40 for the company, according to Zacks. Zacks has also assigned Gold Fields an industry rank of 97 out of 265 based on the ratings given to its competitors.

GFI has been the topic of a number of recent analyst reports. Deutsche Bank raised Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research raised Gold Fields from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research report on Tuesday, December 26th.

A number of hedge funds and other institutional investors have recently modified their holdings of GFI. U S Global Investors Inc. increased its position in Gold Fields by 74.3% in the 2nd quarter. U S Global Investors Inc. now owns 26,148 shares of the company’s stock worth $104,000 after buying an additional 11,148 shares during the period. Timber Hill LLC bought a new position in Gold Fields in the 3rd quarter worth approximately $148,000. Lazard Asset Management LLC bought a new position in Gold Fields in the 2nd quarter worth approximately $393,000. CIBC World Markets Inc. increased its position in Gold Fields by 5.4% in the 2nd quarter. CIBC World Markets Inc. now owns 128,733 shares of the company’s stock worth $448,000 after buying an additional 6,550 shares during the period. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Gold Fields by 1,062.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 210,688 shares of the company’s stock worth $733,000 after purchasing an additional 192,557 shares in the last quarter. 33.73% of the stock is currently owned by institutional investors.

Shares of Gold Fields (NYSE:GFI) traded down $0.05 during mid-day trading on Friday, hitting $4.25. The company had a trading volume of 2,915,907 shares, compared to its average volume of 3,378,427. Gold Fields has a 1-year low of $2.86 and a 1-year high of $4.70.

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Gold Fields Company Profile

Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.

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