Gold Fields Limited (NYSE:GFI) Given Consensus Rating of “Hold” by Brokerages

Shares of Gold Fields Limited (NYSE:GFI) have been given a consensus rating of “Hold” by the six ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $15.93.

GFI has been the topic of several analyst reports. BMO Capital Markets upgraded Gold Fields from an “underperform” rating to a “market perform” rating and raised their target price for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. Bank of America started coverage on shares of Gold Fields in a research note on Monday, September 16th. They set a “buy” rating and a $16.00 price objective on the stock. Scotiabank decreased their target price on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd.

Gold Fields Stock Up 0.6 %

NYSE GFI opened at $15.69 on Wednesday. Gold Fields has a 1-year low of $12.19 and a 1-year high of $18.97. The business’s 50-day simple moving average is $15.07 and its 200-day simple moving average is $15.80.

Gold Fields Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were issued a dividend of $0.1692 per share. This represents a dividend yield of 2.2%. The ex-dividend date was Friday, September 13th.

Hedge Funds Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp grew its holdings in Gold Fields by 6.6% in the 1st quarter. Van ECK Associates Corp now owns 47,241,502 shares of the company’s stock worth $750,667,000 after buying an additional 2,934,943 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Gold Fields during the first quarter valued at $85,326,000. RWC Asset Management LLP raised its stake in shares of Gold Fields by 10.0% during the second quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock valued at $53,476,000 after purchasing an additional 324,885 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Gold Fields by 28.7% in the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock worth $38,878,000 after purchasing an additional 581,730 shares during the period. Finally, National Bank of Canada FI lifted its holdings in Gold Fields by 6.3% in the second quarter. National Bank of Canada FI now owns 1,760,789 shares of the company’s stock worth $26,165,000 after purchasing an additional 104,145 shares during the period. Institutional investors and hedge funds own 26.02% 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.