Gold Fields Limited (NYSE:GFI) Receives $18.56 Consensus Price Target from Analysts

Shares of Gold Fields Limited (NYSE:GFI - Get Free Report) have been assigned a consensus rating of "Hold" from the seven ratings firms 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 price target among brokers that have issued a report on the stock in the last year is $18.56.

A number of equities research analysts have weighed in on GFI shares. StockNews.com upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Monday, April 28th. Scotiabank upped their price objective on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. lifted their target price on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research note on Wednesday, January 15th. HSBC reissued a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a research note on Thursday, April 17th. Finally, Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research note on Thursday, April 17th.

Institutional Investors Weigh In On Gold Fields

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

Gold Fields Stock Down 2.0 %

GFI traded down $0.47 on Friday, reaching $22.96. The company had a trading volume of 3,561,983 shares, compared to its average volume of 3,714,243. The stock has a 50-day moving average price of $21.60 and a 200-day moving average price of $17.83. The stock has a market capitalization of $20.55 billion, a PE ratio of 9.77, a P/E/G ratio of 0.30 and a beta of 0.57. Gold Fields has a 1 year low of $12.98 and a 1 year high of $25.52.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a $0.3752 dividend. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 1.6%. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's dividend payout ratio (DPR) is currently 25.96%.

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.