Brokerages Set Gold Fields Limited (NYSE:GFI) Target Price at $13.67

Gold Fields Limited (NYSE:GFI - Get Free Report) has been given an average rating of "Reduce" by the six ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $13.67.

Several analysts recently weighed in on the stock. BMO Capital Markets downgraded shares of Gold Fields from a "market perform" rating to an "underperform" rating and cut their price objective for the company from $14.00 to $12.00 in a research report on Friday, February 2nd. UBS Group downgraded shares of Gold Fields from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 10th. Scotiabank dropped their price target on shares of Gold Fields from $15.50 to $15.00 and set a "sector perform" rating on the stock in a research report on Monday, February 26th. Finally, StockNews.com upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research report on Thursday, March 28th.

Gold Fields Price Performance

NYSE:GFI traded up $0.07 during mid-day trading on Wednesday, hitting $16.96. The stock had a trading volume of 2,571,477 shares, compared to its average volume of 4,602,273. The company has a 50 day simple moving average of $15.35 and a 200-day simple moving average of $14.41. Gold Fields has a 52 week low of $10.31 and a 52 week high of $18.97. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22.

Gold Fields (NYSE:GFI - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.10. On average, analysts expect that Gold Fields will post 1.53 earnings per share for the current fiscal year.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.1717 dividend. This is an increase from Gold Fields's previous semi-annual dividend of $0.17. This represents a dividend yield of 2.5%. The ex-dividend date was Thursday, March 14th.

Institutional Trading of Gold Fields

A number of hedge funds and other institutional investors have recently made changes to their positions in GFI. U S Global Investors Inc. increased its position in shares of Gold Fields by 3.8% in the third quarter. U S Global Investors Inc. now owns 357,209 shares of the company's stock worth $3,879,000 after acquiring an additional 12,923 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Gold Fields by 7.6% in the third quarter. Ballentine Partners LLC now owns 11,675 shares of the company's stock worth $127,000 after acquiring an additional 821 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Gold Fields by 8.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 771,197 shares of the company's stock worth $8,375,000 after acquiring an additional 63,191 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Gold Fields by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 92,309 shares of the company's stock worth $1,002,000 after acquiring an additional 2,459 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Gold Fields by 0.9% in the third quarter. Mackenzie Financial Corp now owns 5,015,942 shares of the company's stock worth $53,921,000 after acquiring an additional 43,666 shares in the last quarter. 26.02% of the stock is currently owned by institutional investors.

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.