Gold Fields Limited (NYSE:GFI) Receives $15.93 Consensus Price Target from Brokerages

Gold Fields Limited (NYSE:GFI) has earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $15.93.

A number of research analysts have recently weighed in on GFI shares. BMO Capital Markets raised shares of Gold Fields from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $13.50 to $14.00 in a research note on Wednesday, June 26th. Bank of America started coverage on Gold Fields in a research note on Monday, September 16th. They set a “buy” rating and a $16.00 price target for the company. Scotiabank cut their price objective on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Monday, August 26th. StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd.

Gold Fields Trading Up 2.4 %

Shares of NYSE GFI opened at $15.52 on Friday. The business has a 50 day simple moving average of $15.37 and a 200 day simple moving average of $15.75. Gold Fields has a 52 week low of $10.31 and a 52 week high of $18.97. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 8.82 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.77.

Gold Fields Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.1692 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a dividend yield of 2.2%. Gold Fields’s dividend payout ratio (DPR) is presently 15.34%.

Hedge Funds Weigh In On Gold Fields

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of Gold Fields by 78.4% during the 1st quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock worth $49,000 after purchasing an additional 1,361 shares in the last quarter. Parallel Advisors LLC boosted its stake in Gold Fields by 51.7% during the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock worth $71,000 after buying an additional 1,662 shares in the last quarter. LGT Fund Management Co Ltd. bought a new stake in Gold Fields in the 2nd quarter valued at $149,000. Concurrent Investment Advisors LLC acquired a new position in shares of Gold Fields in the 2nd quarter valued at $153,000. Finally, Hennion & Walsh Asset Management Inc. lifted 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 worth $172,000 after acquiring an additional 1,090 shares during the period. 26.02% of the stock is currently owned by institutional investors and hedge funds.

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.