Gold Fields Limited (NYSE:GFI) Receives Average Rating of “Hold” from Brokerages

Gold Fields Limited (NYSE:GFI) has received an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $15.93.

GFI has been the topic of several recent analyst reports. StockNews.com downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. 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 report on Monday, August 26th. Finally, Bank of America started coverage on shares of Gold Fields in a research report on Monday, September 16th. They set a “buy” rating and a $16.00 price target on the stock.

Institutional Trading of Gold Fields

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fortis Capital Advisors LLC acquired a new stake in shares of Gold Fields during the first quarter worth $462,000. First Eagle Investment Management LLC acquired a new stake in Gold Fields during the 1st quarter worth about $85,326,000. South Street Advisors LLC purchased a new stake in Gold Fields during the first quarter valued at about $9,260,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Gold Fields by 21.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 88,099 shares of the company’s stock worth $1,400,000 after buying an additional 15,326 shares during the period. Finally, National Bank of Canada FI increased its position in shares of Gold Fields by 2.7% in the first quarter. National Bank of Canada FI now owns 1,656,644 shares of the company’s stock worth $28,063,000 after acquiring an additional 43,571 shares in the last quarter. 26.02% of the stock is owned by institutional investors and hedge funds.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $15.80 on Friday. The firm’s 50 day moving average is $15.66 and its two-hundred day moving average is $15.78. Gold Fields has a 52 week low of $12.19 and a 52 week high of $18.97.

Gold Fields Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were given a $0.1692 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 13th.

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.