Analysts Set Gold Fields Limited (NYSE:GFI) Price Target at $17.20

Gold Fields Limited (NYSE:GFI) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $17.20.

A number of equities analysts recently commented on GFI shares. StockNews.com upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 14th. Scotiabank lifted their target price on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th.

Gold Fields Stock Performance

Gold Fields stock opened at $21.91 on Friday. The firm’s fifty day moving average price is $18.10 and its 200-day moving average price is $16.05. The stock has a market cap of $19.61 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. Gold Fields has a fifty-two week low of $12.98 and a fifty-two week high of $22.02.

Gold Fields Increases Dividend

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

Institutional Investors Weigh In On Gold Fields

A number of large investors have recently added to or reduced their stakes in GFI. FCA Corp TX bought a new stake in Gold Fields in the 4th quarter worth $108,000. Net Worth Advisory Group bought a new stake in shares of Gold Fields during the 4th quarter valued at about $136,000. Signaturefd LLC boosted its stake in shares of Gold Fields by 19.1% during the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after purchasing an additional 1,656 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Gold Fields during the 4th quarter valued at about $139,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Gold Fields during the 4th quarter valued at about $141,000. Institutional investors own 24.81% 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.