In recent trading, shares of Gold Fields Ltd. (Symbol: GFI) have climbed above the average analyst 12-month target price of $17.44, changing hands for $18.02 per share. When a stock hits an analyst’s target, they typically have two responses: either downgrade the stock due to valuation or raise their target price. The decision could depend on recent developments within the company that may have driven the stock price upward. If there are positive signs for Gold Fields, a higher target price could be warranted.
Within the Zacks coverage universe, five different analysts have contributed to the average target for Gold Fields Ltd. This average is simply a mathematical midpoint. Some analysts have lower targets, such as one who expects the price to reach only $14.00, while another sees potential as high as $20.00. The standard deviation of these targets is $2.206.
The primary appeal of the average target price arises from the “wisdom of crowds” concept, where diverse expert opinions coalesce into a single figure. With GFI now trading above that average of $17.44 per share, it’s a pivotal moment for investors to reassess the company. They must ponder whether $17.44 is merely a milestone on the way to an even higher price target or if the stock has become overvalued, prompting a consideration of selling some shares. Below is a table detailing the current analyst ratings for Gold Fields Ltd.
| Recent GFI Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 1 | 1 | 0 | 0 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 4 | 4 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.5 | 2.5 | 2.8 | 2.8 |
The average rating displayed in the table corresponds to a scale from 1 to 5, with 1 being a Strong Buy and 5 being a Strong Sell. This article utilized data provided by Zacks Investment Research via Quandl.com. For the latest Zacks research report on GFI, click here for a free download.
10 ETFs With Most Upside To Analyst Targets »
Also see:
• DMYQ Options Chain
• MUX Stock Predictions
• EMN Next Dividend Date
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
