Gold Fields (NYSE:GFI) Earns "Hold" Rating from HSBC

HSBC reissued their hold rating on shares of Gold Fields (NYSE:GFI - Free Report) in a research note published on Thursday morning, Marketbeat Ratings reports. They currently have a $21.00 price objective on the stock.

A number of other equities analysts have also issued reports on GFI. JPMorgan Chase & Co. increased their price objective on Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a report on Wednesday, January 15th. StockNews.com raised shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 10th. Finally, Scotiabank raised their target price on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $18.56.

Gold Fields Price Performance

Shares of GFI stock traded down $0.52 during trading hours on Thursday, reaching $23.58. The stock had a trading volume of 3,465,924 shares, compared to its average volume of 3,658,534. The firm has a 50-day simple moving average of $20.85 and a 200-day simple moving average of $17.36. The firm has a market capitalization of $21.10 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.30 and a beta of 0.92. Gold Fields has a twelve month low of $12.98 and a twelve 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. Shareholders of record on Friday, March 14th were given a $0.3752 dividend. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Friday, March 14th. This represents a yield of 1.6%. Gold Fields's payout ratio is 25.96%.

Hedge Funds Weigh In On Gold Fields

A number of hedge funds have recently modified their holdings of the stock. Amundi increased its stake in Gold Fields by 7.3% in the 4th quarter. Amundi now owns 3,107,369 shares of the company's stock worth $44,684,000 after purchasing an additional 211,333 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Gold Fields by 6.4% during the fourth quarter. American Century Companies Inc. now owns 2,976,004 shares of the company's stock valued at $39,283,000 after acquiring an additional 178,973 shares during the period. RWC Asset Management LLP lifted its position in shares of Gold Fields by 9.2% in the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock valued at $35,784,000 after acquiring an additional 227,704 shares in the last quarter. DJE Kapital AG acquired a new position in Gold Fields in the 4th quarter worth approximately $33,486,000. Finally, Schroder Investment Management Group grew its position in Gold Fields by 11.3% during the 4th quarter. Schroder Investment Management Group now owns 2,164,906 shares of the company's stock worth $28,490,000 after purchasing an additional 219,254 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

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.