Shares of Gold Fields Limited (NYSE:GFI – Get Free Report) 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.
Check Out Our Latest Report on Gold Fields
Institutional Investors Weigh In On Gold Fields
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 – Get Free Report) 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.
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