Gold Fields Limited (NYSE:GFI) Receives $17.20 Consensus PT from Brokerages

Gold Fields Limited (NYSE:GFI) has been given an average rating of “Hold” by the six analysts that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.20.

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

Institutional Investors Weigh In On Gold Fields

Several institutional investors have recently bought and sold shares of the company. FCA Corp TX purchased a new position in Gold Fields in the 4th quarter worth approximately $108,000. Net Worth Advisory Group purchased a new position in Gold Fields in the 4th quarter worth approximately $136,000. Signaturefd LLC lifted its stake in Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after purchasing an additional 1,656 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Gold Fields in the 4th quarter worth approximately $139,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Gold Fields in the 4th quarter worth approximately $141,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Up 2.4 %

NYSE:GFI opened at $20.67 on Friday. Gold Fields has a 52 week low of $12.98 and a 52 week high of $20.83. The stock has a market capitalization of $18.50 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The stock’s 50-day moving average price is $17.80 and its 200-day moving average price is $15.96.

Gold Fields Increases Dividend

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

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.