Analysts Set Gold Fields Limited (NYSE:GFI) Price Target at $17.20

Gold Fields Limited (NYSE:GFI) has been assigned an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $17.20.

Several analysts have recently commented on the company. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Finally, Scotiabank increased their price objective on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, February 25th.

Gold Fields Trading Up 2.4 %

Shares of GFI opened at $20.67 on Friday. Gold Fields has a 12 month low of $12.98 and a 12 month high of $20.83. The stock has a fifty day moving average price of $17.80 and a 200-day moving average price of $15.96. The firm has a market cap of $18.50 billion, a PE ratio of 8.80, a P/E/G ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a $0.3752 dividend. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, March 14th. This represents a yield of 1.6%. Gold Fields’s dividend payout ratio (DPR) is 25.53%.

Hedge Funds Weigh In On Gold Fields

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FCA Corp TX purchased a new position in shares of Gold Fields during the 4th quarter valued at about $108,000. Net Worth Advisory Group purchased a new position in shares of Gold Fields during the 4th quarter valued at about $136,000. Signaturefd LLC raised its stake in shares of Gold Fields by 19.1% during 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 last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Gold Fields during the 4th quarter valued at about $139,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Gold Fields during the 4th quarter valued at about $141,000. Hedge funds and other institutional investors own 24.81% 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.