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

Shares of Gold Fields Limited (NYSE:GFI) have been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $17.20.

A number of brokerages recently commented on GFI. Scotiabank upped their target price on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, February 25th. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. upped their target price on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th.

Institutional Investors Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in Gold Fields by 0.5% in the fourth quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock worth $1,388,000 after purchasing an additional 573 shares during the period. Rhumbline Advisers grew its stake in shares of Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after acquiring an additional 720 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in shares of Gold Fields by 3.4% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company’s stock worth $638,000 after acquiring an additional 1,583 shares during the last quarter. Signaturefd LLC grew its stake in shares of Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after acquiring an additional 1,656 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Gold Fields by 18.9% in the fourth quarter. US Bancorp DE now owns 11,484 shares of the company’s stock worth $152,000 after acquiring an additional 1,829 shares during the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Stock Down 3.0 %

Shares of Gold Fields stock opened at $20.13 on Friday. The company has a market cap of $18.02 billion, a PE ratio of 8.57, a P/E/G ratio of 0.30 and a beta of 1.14. The business has a 50 day moving average of $17.67 and a 200 day moving average of $15.89. Gold Fields has a 52 week low of $12.98 and a 52 week high of $20.83.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a $0.3752 dividend. This represents a yield of 1.6%. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, March 14th. Gold Fields’s dividend payout ratio is presently 25.53%.

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.