Brokerages Set Gold Fields Limited (NYSE:GFI) PT at $54.05

Shares of Gold Fields Limited (NYSE:GFI) have been given an average rating of “Hold” by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $55.05.

Several research analysts recently weighed in on the company. Wall Street Zen cut Gold Fields from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Royal Bank Of Canada upped their price target on shares of Gold Fields from $49.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. JPMorgan Chase & Co. reduced their price objective on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Scotiabank lowered their price objective on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Finally, Zacks Research downgraded shares of Gold Fields from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st.

Institutional Investors Weigh In On Gold Fields

Institutional investors and hedge funds have recently modified their holdings of the stock. Crescent Grove Advisors LLC purchased a new position in shares of Gold Fields in the first quarter worth approximately $1,795,000. Oakmont Investment Advisors Inc. purchased a new position in Gold Fields during the 2nd quarter worth approximately $912,000. Bank of America Corp DE grew its position in Gold Fields by 32.1% during the 1st quarter. Bank of America Corp DE now owns 771,791 shares of the company’s stock worth $35,039,000 after purchasing an additional 187,755 shares in the last quarter. Engineers Gate Manager LP raised its stake in Gold Fields by 51.0% during the 2nd quarter. Engineers Gate Manager LP now owns 87,455 shares of the company’s stock valued at $2,938,000 after purchasing an additional 29,555 shares during the period. Finally, Euro Pacific Asset Management LLC lifted its holdings in shares of Gold Fields by 371.9% in the first quarter. Euro Pacific Asset Management LLC now owns 64,497 shares of the company’s stock valued at $3,117,000 after purchasing an additional 50,830 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Up 2.3%

Shares of GFI stock opened at $42.94 on Wednesday. Gold Fields has a 1 year low of $31.11 and a 1 year high of $61.64. The company has a current ratio of 1.87, a quick ratio of 1.33 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average is $40.58 and its 200-day moving average is $41.23.

Gold Fields Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be given a $1.0144 dividend. The ex-dividend date is Friday, September 11th. This represents a yield of 450.0%.

Gold Fields Company Profile

Gold Fields Limited is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and other gold-bearing products for refining and sale. Its portfolio also includes limited by-product production, such as copper and silver, at certain operations.

Gold Fields operates mines and development projects across Africa, Australia and the Americas. Its assets include the South Deep mine in South Africa; Tarkwa and the Damang complex in Ghana; St Ives, Agnew and Granny Smith in Western Australia; Cerro Corona in Peru; and Salares Norte in Chile.