Gold Fields Limited (NYSE:GFI) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Gold Fields Limited (NYSE:GFI) have received a consensus rating of “Reduce” from the six brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $13.67.

GFI has been the topic of several recent research reports. BMO Capital Markets lowered shares of Gold Fields from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $14.00 to $12.00 in a research report on Friday, February 2nd. Scotiabank dropped their price target on shares of Gold Fields from $15.50 to $15.00 and set a “sector perform” rating on the stock in a research report on Monday, February 26th. Finally, StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday.

Institutional Investors Weigh In On Gold Fields

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in shares of Gold Fields in the 4th quarter valued at $26,000. IFP Advisors Inc boosted its stake in shares of Gold Fields by 900.0% in the 2nd quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock valued at $28,000 after purchasing an additional 1,800 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Gold Fields by 100.8% in the 2nd quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock valued at $25,000 after purchasing an additional 1,376 shares in the last quarter. Money Concepts Capital Corp acquired a new stake in shares of Gold Fields in the 4th quarter valued at $31,000. Finally, Chiron Investment Management LLC acquired a new stake in shares of Gold Fields in the 1st quarter valued at $68,000. Institutional investors and hedge funds own 26.02% of the company’s stock.

Gold Fields Stock Performance

GFI stock opened at $15.89 on Friday. The firm has a 50 day simple moving average of $14.22 and a 200 day simple moving average of $13.71. Gold Fields has a 52 week low of $10.31 and a 52 week high of $17.78.

Gold Fields (NYSE:GFI) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.10. On average, sell-side analysts forecast that Gold Fields will post 1.15 earnings per share for the current year.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.1717 per share. The ex-dividend date was Thursday, March 14th. This represents a yield of 2.5%. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.