Analysts Set Gold Fields Limited (NYSE:GFI) PT at $18.56

Gold Fields Limited (NYSE:GFI - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $18.56.

A number of research analysts recently issued reports on the stock. 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. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday. Finally, Scotiabank upped their price objective on 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 Trading Down 0.1%

GFI stock traded down $0.02 during mid-day trading on Thursday, hitting $22.99. The stock had a trading volume of 3,023,773 shares, compared to its average volume of 3,638,482. The firm has a fifty day simple moving average of $22.14 and a 200 day simple moving average of $18.41. The firm has a market capitalization of $20.58 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.30 and a beta of 0.57. Gold Fields has a 52 week low of $12.98 and a 52 week high of $25.52.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a dividend of $0.3752 per share. 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 dividend payout ratio is 25.96%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Strs Ohio acquired a new position in Gold Fields in the 1st quarter worth about $311,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Gold Fields during the first quarter worth about $30,914,000. Jones Financial Companies Lllp bought a new stake in shares of Gold Fields during the first quarter worth about $268,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Gold Fields in the first quarter valued at approximately $236,000. Finally, NewEdge Advisors LLC increased its stake in shares of Gold Fields by 2,152.0% in the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company's stock valued at $50,000 after buying an additional 2,152 shares during the period. 24.81% of the stock is currently owned by institutional investors.

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.