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

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 assigned a consensus recommendation of "Hold" from the eight brokerages that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $25.1143.

A number of research firms recently weighed in on GFI. Capital One Financial set a $32.00 target price on Gold Fields in a research report on Friday, August 22nd. BMO Capital Markets lifted their price objective on Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a report on Monday, August 25th. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 1st. Finally, Canaccord Genuity Group started coverage on Gold Fields in a research report on Monday, July 28th. They issued a "buy" rating and a $33.00 target price for the company.

Gold Fields Stock Performance

Gold Fields stock traded up $1.04 during mid-day trading on Friday, reaching $38.00. The company had a trading volume of 2,858,461 shares, compared to its average volume of 3,099,266. 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 has a market cap of $34.01 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 0.40 and a beta of 0.47. The company has a 50 day moving average of $29.03 and a 200-day moving average of $24.60. Gold Fields has a 52 week low of $12.98 and a 52 week high of $38.04.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.3993 per share. This represents a dividend yield of 130.0%. 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. Gold Fields's payout ratio is 26.38%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GFI. Arrowstreet Capital Limited Partnership raised its holdings in shares of Gold Fields by 84.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company's stock worth $131,350,000 after buying an additional 2,545,579 shares in the last quarter. Clark Capital Management Group Inc. acquired a new stake in Gold Fields in the 1st quarter valued at $49,186,000. Robeco Institutional Asset Management B.V. boosted its stake in Gold Fields by 122.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,308,969 shares of the company's stock valued at $78,323,000 after buying an additional 1,822,689 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Gold Fields in the first quarter valued at $30,914,000. Finally, Invesco Ltd. raised its stake in Gold Fields by 32.9% during the second quarter. Invesco Ltd. now owns 4,919,432 shares of the company's stock worth $116,443,000 after acquiring an additional 1,217,594 shares in the last quarter. Institutional investors and hedge funds 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.