Gold Fields Limited (NYSE:GFI) Receives Average Recommendation of “Hold” from Analysts

Gold Fields Limited (NYSE:GFI) has been given a consensus recommendation of “Hold” by the six research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $17.20.

Several research firms have commented on GFI. Scotiabank boosted their target price on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 25th. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 30th. Finally, JPMorgan Chase & Co. upped their target price on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th.

Hedge Funds Weigh In On Gold Fields

Institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC grew its position in Gold Fields by 0.5% in the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock worth $1,388,000 after purchasing an additional 573 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after purchasing an additional 720 shares in the last quarter. Parallel Advisors LLC lifted its position in Gold Fields by 24.1% in the first quarter. Parallel Advisors LLC now owns 6,695 shares of the company’s stock worth $148,000 after purchasing an additional 1,298 shares during the period. Edmond DE Rothschild Holding S.A. boosted its stake in Gold Fields by 3.4% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company’s stock worth $638,000 after buying an additional 1,583 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after buying an additional 1,656 shares during the period. Institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

GFI opened at $20.05 on Wednesday. The company has a market capitalization of $17.95 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 0.30 and a beta of 0.92. The business has a 50-day moving average of $19.79 and a 200-day moving average of $16.81. Gold Fields has a fifty-two week low of $12.98 and a fifty-two week high of $23.02.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a $0.3752 dividend. This represents a dividend yield of 1.6%. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date was Friday, March 14th. Gold Fields’s dividend payout ratio is currently 25.96%.

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.