Gold Fields Limited (NYSE:GFI) Receives $15.93 Average Price Target from Brokerages

Gold Fields Limited (NYSE:GFI) has received a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $15.93.

A number of research firms have recently issued reports on GFI. Scotiabank dropped their target price on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Monday, August 26th. Bank of America began coverage on shares of Gold Fields in a research note on Monday, September 16th. They issued a “buy” rating and a $16.00 price objective on the stock. Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, StockNews.com lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th.

Gold Fields Stock Performance

Shares of GFI opened at $14.02 on Friday. The company’s 50 day simple moving average is $15.67 and its 200-day simple moving average is $15.75. Gold Fields has a 12-month low of $12.19 and a 12-month high of $18.97.

Gold Fields Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were paid a $0.1692 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 13th.

Institutional Investors Weigh In On Gold Fields

A number of institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of Gold Fields by 3.3% during the 3rd quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock valued at $744,566,000 after acquiring an additional 1,549,372 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Gold Fields by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock worth $94,492,000 after purchasing an additional 580,546 shares during the period. First Eagle Investment Management LLC bought a new position in shares of Gold Fields in the 1st quarter worth about $85,326,000. RWC Asset Management LLP boosted its holdings in shares of Gold Fields by 10.0% in the 2nd quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock valued at $53,476,000 after buying an additional 324,885 shares during the period. Finally, Mackenzie Financial Corp grew its position in shares of Gold Fields by 28.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock valued at $38,878,000 after buying an additional 581,730 shares during the last quarter. Hedge funds and other institutional investors own 26.02% of the company’s stock.

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.