Gold Fields Limited (NYSE:GFI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Gold Fields Limited (NYSE:GFI) have earned an average rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has 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.

A number of brokerages have weighed in on GFI. Bank of America initiated coverage on shares of Gold Fields in a report on Monday, September 16th. They issued a “buy” rating and a $16.00 price target for the company. Scotiabank cut their target price on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. StockNews.com upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. dropped their price target on Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Finally, BMO Capital Markets raised Gold Fields from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $13.50 to $14.00 in a research note on Wednesday, June 26th.

Hedge Funds Weigh In On Gold Fields

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Gold Fields by 78.4% in the 1st quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock valued at $49,000 after buying an additional 1,361 shares during the period. LGT Fund Management Co Ltd. acquired a new stake in shares of Gold Fields in the second quarter worth about $149,000. Concurrent Investment Advisors LLC bought a new stake in shares of Gold Fields during the 2nd quarter worth about $153,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Gold Fields by 10.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock valued at $172,000 after acquiring an additional 1,090 shares during the last quarter. Finally, Candriam S.C.A. bought a new position in shares of Gold Fields in the 2nd quarter valued at approximately $189,000. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Price Performance

GFI opened at $15.69 on Wednesday. The stock’s fifty day moving average is $15.07 and its 200-day moving average is $15.80. Gold Fields has a one year low of $12.19 and a one year high of $18.97.

Gold Fields Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given a $0.1692 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 2.2%.

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.