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

Key Points

• Gold Fields Limited (NYSE:GFI) has a consensus recommendation of "Hold" from eight analysts, with five rating it as a hold and three as a buy.
• The average one-year price target for Gold Fields among analysts is $25.11, with some analysts setting targets as high as $33.00.
• The company has increased its semi-annual dividend to $0.3993, reflecting a yield of 130.0% and a payout ratio of 26.38%.

Gold Fields Limited (NYSE:GFI - Get Free Report) has been given a consensus rating of "Hold" by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $25.1143.

Several equities research analysts have recently commented on the stock. Capital One Financial set a $32.00 target price on shares of Gold Fields in a research report on Friday, August 22nd. BMO Capital Markets raised their price objective on shares of Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a report on Monday, August 25th. Canaccord Genuity Group assumed coverage on Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 price objective on the stock. Finally, Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Monday, September 1st.

Hedge Funds Weigh In On Gold Fields

Several institutional investors and hedge funds have recently added to or reduced their stakes in GFI. Richardson Financial Services Inc. purchased a new stake in shares of Gold Fields in the 1st quarter worth about $26,000. Penserra Capital Management LLC bought a new stake in Gold Fields during the second quarter worth about $26,000. Country Trust Bank purchased a new stake in Gold Fields in the second quarter worth about $26,000. IFP Advisors Inc grew its holdings in Gold Fields by 672.1% in the second quarter. IFP Advisors Inc now owns 1,552 shares of the company's stock worth $37,000 after purchasing an additional 1,351 shares during the period. Finally, Banque Cantonale Vaudoise bought a new position in shares of Gold Fields during the first quarter valued at approximately $44,000. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Stock Performance

NYSE:GFI opened at $34.38 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.89 and a debt-to-equity ratio of 0.40. The firm's fifty day simple moving average is $28.02 and its 200 day simple moving average is $24.12. The stock has a market cap of $30.77 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 0.36 and a beta of 0.47. Gold Fields has a twelve month low of $12.98 and a twelve month high of $35.39.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 12th will be paid a $0.3993 dividend. The ex-dividend date of this dividend is Friday, September 12th. This is a positive change from Gold Fields's previous semi-annual dividend of $0.38. This represents a yield of 130.0%. Gold Fields's payout ratio is currently 26.38%.

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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