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

Gold Fields Limited (NYSE:GFI - Get Free Report) has been assigned an average recommendation of "Hold" from the seven brokerages that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $18.56.

Several equities analysts have issued reports on GFI shares. HSBC reaffirmed a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a report on Thursday, April 17th. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. raised their target price on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Finally, Scotiabank raised their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th.

Gold Fields Price Performance

Shares of NYSE:GFI traded up $0.39 during trading on Friday, hitting $22.52. 1,110,342 shares of the company were exchanged, compared to its average volume of 3,671,837. The firm's 50 day moving average price is $21.77 and its 200-day moving average price is $17.89. The stock has a market capitalization of $20.16 billion, a P/E ratio of 9.58, a PEG ratio of 0.30 and a beta of 0.57. Gold Fields has a 12-month low of $12.98 and a 12-month high of $25.52.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a $0.3752 dividend. The ex-dividend date was Friday, March 14th. This is an increase from Gold Fields's previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. Gold Fields's payout ratio is 25.96%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its position in shares of Gold Fields by 1.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock worth $99,567,000 after purchasing an additional 45,171 shares in the last quarter. Amundi boosted its holdings in Gold Fields by 7.3% during the fourth quarter. Amundi now owns 3,107,369 shares of the company's stock worth $44,684,000 after buying an additional 211,333 shares in the last quarter. American Century Companies Inc. grew its position in Gold Fields by 6.4% during the fourth quarter. American Century Companies Inc. now owns 2,976,004 shares of the company's stock worth $39,283,000 after buying an additional 178,973 shares during the period. RWC Asset Management LLP grew its position in Gold Fields by 9.2% during the fourth quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock worth $35,784,000 after buying an additional 227,704 shares during the period. Finally, DJE Kapital AG acquired a new stake in shares of Gold Fields during the 4th quarter valued at approximately $33,486,000. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Company Profile

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.