Shares of Gold Fields Limited (NYSE:GFI – Get Rating) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $13.77.
A number of equities analysts have recently issued reports on GFI shares. StockNews.com cut shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, July 7th.
Hedge Funds Weigh In On Gold Fields
Hedge funds have recently modified their holdings of the company. JFS Wealth Advisors LLC lifted its position in shares of Gold Fields by 488.9% during the 1st quarter. JFS Wealth Advisors LLC now owns 2,179 shares of the company’s stock worth $34,000 after buying an additional 1,809 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Gold Fields during the 2nd quarter worth approximately $35,000. Optimum Investment Advisors bought a new position in shares of Gold Fields during the 4th quarter worth approximately $44,000. Chiron Investment Management LLC bought a new position in shares of Gold Fields during the 1st quarter worth approximately $68,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in shares of Gold Fields during the 2nd quarter worth approximately $95,000. Institutional investors own 32.16% of the company’s stock.
Gold Fields Stock Performance
GFI stock opened at $9.41 on Friday. The company’s 50-day moving average is $9.28 and its 200-day moving average is $11.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.73 and a quick ratio of 0.96. Gold Fields has a 1 year low of $7.75 and a 1 year high of $17.20.
About Gold Fields
Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces.
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Read More: Gold Fields Limited (NYSE:GFI) Receives Consensus Recommendation of “Hold” from Analysts