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

Shares of Gold Fields Limited (NYSE:GFIGet Free Report) have earned an average rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $15.93.

Several analysts recently commented on the stock. Scotiabank cut their price objective on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Monday, August 26th. StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Bank of America began coverage on shares of Gold Fields in a report on Monday, September 16th. They set a “buy” rating and a $16.00 price target on the stock.

Check Out Our Latest Stock Report on GFI

Hedge Funds Weigh In On Gold Fields

Several institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp lifted its stake in shares of Gold Fields by 3.3% in the 3rd quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock worth $744,566,000 after purchasing an additional 1,549,372 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Gold Fields by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock worth $94,492,000 after purchasing an additional 580,546 shares during the period. First Eagle Investment Management LLC bought a new position in shares of Gold Fields in the 1st quarter worth approximately $85,326,000. RWC Asset Management LLP lifted its stake in shares of Gold Fields by 10.0% in the 2nd quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock worth $53,476,000 after purchasing an additional 324,885 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Gold Fields by 28.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock worth $38,878,000 after acquiring an additional 581,730 shares during the period. Institutional investors own 26.02% of the company’s stock.

Gold Fields Stock Performance

Shares of GFI stock opened at $13.73 on Friday. Gold Fields has a one year low of $12.19 and a one year high of $18.97. The company’s 50-day moving average is $15.68 and its 200 day moving average is $15.71. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 7.11, a price-to-earnings-growth ratio of 0.47 and a beta of 1.16.

Gold Fields Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were paid a $0.1692 dividend. This represents a dividend yield of 2.2%. The ex-dividend date was Friday, September 13th. Gold Fields’s dividend payout ratio (DPR) is presently 13.99%.

About Gold Fields

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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.

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Analyst Recommendations for Gold Fields (NYSE:GFI)

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