Gold Fields Limited (NYSE:GFI) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Gold Fields has a consensus “Hold” rating from 10 analysts: five “buy,” three “hold,” and two “sell” ratings. The average 12-month price target is $54.05.
• Several analysts recently lowered their price targets, including Scotiabank, RBC, and JPMorgan, although JPMorgan and RBC maintained bullish ratings of “overweight” and “outperform,” respectively.
• Institutional investors increased their holdings, with hedge funds and other institutions collectively owning 24.81% of the company. Gold Fields also declared a $1.0144-per-share dividend payable September 24 to shareholders of record September 11.

Gold Fields Limited (NYSE:GFI - Get Free Report) has been given an average recommendation of "Hold" by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $54.05.

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Gold Fields from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. Scotiabank decreased their price objective on Gold Fields from $60.00 to $52.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 14th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Gold Fields in a research report on Monday, August 31st. Royal Bank Of Canada cut their target price on Gold Fields from $50.00 to $49.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. reduced their target price on Gold Fields from $75.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th.

Institutional Trading of Gold Fields

Institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in shares of Gold Fields by 3.4% during the fourth quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company's stock valued at $1,549,227,000 after acquiring an additional 1,180,634 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Gold Fields by 69.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company's stock worth $191,407,000 after acquiring an additional 1,794,124 shares during the last quarter. Man Group plc lifted its holdings in shares of Gold Fields by 63.7% in the 4th quarter. Man Group plc now owns 3,650,799 shares of the company's stock worth $159,394,000 after acquiring an additional 1,421,121 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Gold Fields by 62.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company's stock worth $114,147,000 after purchasing an additional 910,580 shares during the period. Finally, USS Investment Management Ltd boosted its position in shares of Gold Fields by 8.3% during the 4th quarter. USS Investment Management Ltd now owns 1,800,813 shares of the company's stock worth $78,596,000 after purchasing an additional 138,693 shares during the period. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Stock Down 0.4%

Shares of GFI stock opened at $42.95 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.87 and a debt-to-equity ratio of 0.27. The firm's 50-day moving average is $39.68 and its two-hundred day moving average is $41.68. Gold Fields has a 12 month low of $31.11 and a 12 month high of $61.64.

Gold Fields Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be issued a dividend of $1.0144 per share. The ex-dividend date is Friday, September 11th. This represents a dividend yield of 450.0%.

About Gold Fields

Gold Fields Limited is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and other gold-bearing products for refining and sale. Its portfolio also includes limited by-product production, such as copper and silver, at certain operations.

Gold Fields operates mines and development projects across Africa, Australia and the Americas. Its assets include the South Deep mine in South Africa; Tarkwa and the Damang complex in Ghana; St Ives, Agnew and Granny Smith in Western Australia; Cerro Corona in Peru; and Salares Norte in Chile.

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