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

Key Points

• Analyst sentiment is moderately positive: Six of ten covering brokerages rate Gold Fields a buy, three a hold and one a sell; the average one-year price target is $52.46.
• Recent ratings are mixed: JPMorgan cut its target to $55 but kept an overweight rating, while Scotiabank lowered its target to $52 and rated the stock sector perform. Other firms upgraded or downgraded their ratings to hold.
• Gold Fields opened at $36.74, within a 12-month range of $31.11 to $61.64. The company also paid a dividend of $1.0144 per share on September 24.

Shares of Gold Fields Limited (NYSE:GFI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $52.46.

Several equities research analysts have recently commented on the company. Zacks Research upgraded Gold Fields from a "strong sell" rating to a "hold" rating in a report on Tuesday, October 27th. JPMorgan Chase & Co. cut their target price on Gold Fields from $75.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. RBC Dominion Securities set a $54.00 price target on shares of Gold Fields and gave the company an "outperform" rating in a research report on Thursday, October 22nd. Scotiabank decreased their price target on shares of 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. Finally, Wall Street Zen downgraded shares of Gold Fields from a "buy" rating to a "hold" rating in a report on Saturday, August 29th.

Institutional Trading of Gold Fields

Several institutional investors and hedge funds have recently modified their holdings of GFI. V Square Quantitative Management LLC bought a new stake in shares of Gold Fields during the 1st quarter worth $25,000. Latitude Advisors LLC purchased a new position in shares of Gold Fields in the 3rd quarter worth about $36,000. Gen Wealth Partners Inc grew its position in Gold Fields by 174.0% during the third quarter. Gen Wealth Partners Inc now owns 1,370 shares of the company's stock valued at $49,000 after buying an additional 870 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Gold Fields during the third quarter valued at about $71,000. Finally, Rockefeller Capital Management L.P. grew its position in 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 buying an additional 1,973 shares during the period. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Trading Up 6.3%

Gold Fields stock opened at $36.74 on Thursday. Gold Fields has a 12-month low of $31.11 and a 12-month high of $61.64. The firm's fifty day moving average is $39.62 and its 200 day moving average is $42.52.

Gold Fields Announces Dividend

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

Gold Fields Company Profile

Gold Fields Limited NYSE: GFI is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and refined gold for sale to international markets. Its activities include mine development, underground and open-pit mining, ore processing and exploration for additional mineral resources.

Gold Fields has a history dating to 1887 and has grown into one of the world's major gold-mining companies through acquisitions, partnerships and the development of its own projects.

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