Gold Fields Limited (NYSE:GFI) Receives $13.67 Consensus PT from Analysts

Shares of Gold Fields Limited (NYSE:GFI) have received an average recommendation of “Reduce” from the six research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.67.

A number of research firms have issued reports on GFI. BMO Capital Markets cut shares of Gold Fields from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $14.00 to $12.00 in a research report on Friday, February 2nd. Scotiabank decreased their target price on shares of Gold Fields from $15.50 to $15.00 and set a “sector perform” rating for the company in a report on Monday, February 26th. UBS Group cut shares of Gold Fields from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th. Finally, StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Thursday, March 28th.

Hedge Funds Weigh In On Gold Fields

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC boosted its position in shares of Gold Fields by 136.9% during the fourth quarter. SG Americas Securities LLC now owns 221,921 shares of the company’s stock worth $3,209,000 after acquiring an additional 128,262 shares during the last quarter. Wellington Management Group LLP bought a new position in Gold Fields during the third quarter valued at $2,046,000. Capricorn Fund Managers Ltd bought a new position in Gold Fields during the fourth quarter valued at $3,897,000. Seven Eight Capital LP bought a new position in Gold Fields during the third quarter valued at $165,000. Finally, Advisors Asset Management Inc. lifted its position in Gold Fields by 36.3% during the third quarter. Advisors Asset Management Inc. now owns 71,868 shares of the company’s stock valued at $780,000 after purchasing an additional 19,149 shares during the last quarter. Institutional investors own 26.02% of the company’s stock.

Gold Fields Stock Up 0.7 %

Shares of GFI opened at $17.53 on Wednesday. Gold Fields has a 1 year low of $10.31 and a 1 year high of $18.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25. The stock’s fifty day moving average price is $15.58 and its two-hundred day moving average price is $14.49.

Gold Fields (NYSE:GFI) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.10. As a group, equities research analysts anticipate that Gold Fields will post 1.53 earnings per share for the current year.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.1717 dividend. This is a positive change 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.

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.