Gold Fields Limited (NYSE:GFI) Given Consensus Rating of "Hold" by Analysts

Key Points

• Gold Fields Limited (NYSE:GFI) has received a consensus rating of "Hold" from seven analysts, with five holding and two issuing buy ratings.
• The company's share price target has been increased by some brokerages, with BMO Capital Markets and Capital One setting targets of $32.00.
• Gold Fields recently increased its semi-annual dividend to $0.3993 per share, representing a yield of 130.0% and a payout ratio of 27.23%.

Shares of Gold Fields Limited (NYSE:GFI - Get Free Report) have been assigned an average rating of "Hold" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $26.6333.

A number of brokerages recently weighed in on GFI. BMO Capital Markets increased their price objective on shares of Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a research report on Monday, August 25th. Capital One Financial set a $32.00 price target on Gold Fields in a research note on Friday, August 22nd. Wall Street Zen raised shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 26th. Finally, Canaccord Genuity Group initiated coverage on shares of Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 price objective for the company.

Gold Fields Trading Up 1.5%

Shares of NYSE:GFI opened at $42.05 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.89 and a quick ratio of 0.73. Gold Fields has a 1 year low of $12.98 and a 1 year high of $42.74. The company has a market cap of $37.64 billion, a P/E ratio of 17.89, a PEG ratio of 0.42 and a beta of 0.47. The stock's fifty day moving average price is $33.11 and its 200-day moving average price is $26.50.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were given a dividend of $0.3993 per share. This represents a dividend yield of 130.0%. The ex-dividend date of this dividend was Friday, September 12th. This is an increase from Gold Fields's previous semi-annual dividend of $0.38. Gold Fields's payout ratio is presently 27.23%.

Institutional Investors Weigh In On Gold Fields

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GFI. Arrowstreet Capital Limited Partnership lifted its holdings in Gold Fields by 84.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company's stock valued at $131,350,000 after purchasing an additional 2,545,579 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Gold Fields by 32.9% during the 2nd quarter. Invesco Ltd. now owns 4,919,432 shares of the company's stock valued at $116,443,000 after buying an additional 1,217,594 shares in the last quarter. DJE Kapital AG boosted its holdings in Gold Fields by 19.7% in the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company's stock worth $105,260,000 after buying an additional 742,174 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Gold Fields by 1.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock worth $99,567,000 after buying an additional 45,171 shares in the last quarter. Finally, Amundi raised its holdings in Gold Fields by 17.8% during the first quarter. Amundi now owns 3,661,529 shares of the company's stock valued at $82,934,000 after acquiring an additional 554,160 shares during the period. 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.

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