Gold Fields Limited (NYSE:GFI) Receives $38.83 Consensus Target Price from Brokerages

Gold Fields Limited (NYSE:GFI) has been given an average rating of “Hold” by the ten research firms that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $40.4286.

Several equities analysts recently weighed in on GFI shares. Zacks Research lowered shares of Gold Fields from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. Citigroup started coverage on shares of Gold Fields in a research report on Tuesday. They set a “buy” rating and a $50.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. started coverage on shares of Gold Fields in a research report on Thursday, October 23rd. They set an “overweight” rating and a $62.00 price target for the company.

Institutional Investors Weigh In On Gold Fields

Several institutional investors have recently added to or reduced their stakes in GFI. Richardson Financial Services Inc. purchased a new stake in Gold Fields during the first quarter valued at about $26,000. Penserra Capital Management LLC purchased a new stake in Gold Fields during the second quarter valued at about $26,000. Country Trust Bank purchased a new stake in Gold Fields during the second quarter valued at about $26,000. IFP Advisors Inc lifted its holdings in Gold Fields by 672.1% during the second quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after purchasing an additional 1,351 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in Gold Fields during the first quarter valued at about $44,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Trading Up 2.5%

NYSE GFI opened at $38.47 on Friday. The company has a fifty day moving average price of $38.53 and a 200-day moving average price of $29.37. Gold Fields has a 1 year low of $12.98 and a 1 year high of $47.18.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 12th were issued a dividend of $0.3993 per share. This represents a yield of 130.0%. This is a boost from Gold Fields’s previous semi-annual dividend of $0.38. The ex-dividend date of this dividend was Friday, September 12th.

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.