Gold Fields Limited (GFI) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst sentiment is mixed: Gold Fields has a consensus “Hold” rating from eight analysts, including five buys, one hold, and two sells. The average 12-month price target is $55.05.
• Price targets have shifted significantly: RBC raised its target to $54 with an “outperform” rating, while JPMorgan and Scotiabank cut their targets to $55 and $52, respectively.
• Gold Fields recently traded at $36.83, below its 50-day and 200-day moving averages, and institutional investors own 24.81% of the company. The company also declared a $1.0144 dividend, though the reported 450% yield appears anomalous.

Gold Fields Limited (NYSE:GFI - Get Free Report) has been given a consensus rating of "Hold" by the eight research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $55.05.

GFI has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Gold Fields from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Gold Fields in a research note on Monday, August 31st. Royal Bank Of Canada raised their target price on shares of Gold Fields from $49.00 to $54.00 and gave the stock an "outperform" rating in a report on Wednesday, September 16th. JPMorgan Chase & Co. cut their target price on shares of Gold Fields from $75.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. Finally, Scotiabank decreased their target price on Gold Fields from $60.00 to $52.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 14th.

Gold Fields Stock Up 2.7%

Gold Fields stock opened at $36.83 on Friday. Gold Fields has a 12 month low of $31.11 and a 12 month high of $61.64. The company has a fifty day moving average price of $41.72 and a two-hundred day moving average price of $40.32.

Gold Fields Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were issued a $1.0144 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a dividend yield of 450.0%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GFI. V Square Quantitative Management LLC acquired a new stake in Gold Fields in the first quarter worth $25,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Gold Fields by 1,604.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,096 shares of the company's stock valued at $92,000 after acquiring an additional 1,973 shares during the period. Strategic Investment Advisors MI bought a new position in shares of Gold Fields during the first quarter worth about $118,000. Allworth Financial LP grew its position in shares of Gold Fields by 11.8% during the second quarter. Allworth Financial LP now owns 2,631 shares of the company's stock worth $88,000 after acquiring an additional 277 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Gold Fields in the 1st quarter worth about $121,000. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Company Profile

Gold Fields Limited NYSE: GFI is a global gold mining company engaged in the exploration, development and operation of gold mines. Its primary product is gold, which it produces through a portfolio of underground and open-pit mining operations, along with related processing and refining activities.

The company operates across several major mining regions, including Ghana, South Africa, Australia, Peru and Chile. Its assets include the South Deep mine in South Africa, Tarkwa and Damang in Ghana, St Ives, Agnew, Granny Smith and the Gruyere joint venture in Australia, Cerro Corona in Peru, and Salares Norte in Chile.

Gold Fields traces its origins to the South African gold-mining industry in the late 19th century and has since expanded into an international mining business.

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