Gold Fields’ (GFI) “Hold” Rating Reiterated at HSBC

HSBC restated their hold rating on shares of Gold Fields (NYSE:GFI) in a research report report published on Thursday morning, Marketbeat.com reports. They currently have a $21.00 price target on the stock.

Several other equities analysts have also commented on the company. Scotiabank upped their target price on Gold Fields from $20.00 to $23.00 and gave the company a “sector perform” rating in a report on Monday, April 14th. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Gold Fields currently has a consensus rating of “Hold” and an average target price of $18.56.

Gold Fields Price Performance

Shares of GFI opened at $24.04 on Thursday. The business’s fifty day moving average price is $20.75 and its 200 day moving average price is $17.28. Gold Fields has a 12-month low of $12.98 and a 12-month high of $25.52. The stock has a market capitalization of $21.52 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 0.30 and a beta of 0.92.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid a dividend of $0.3752 per share. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. This represents a yield of 1.6%. The ex-dividend date of this dividend was Friday, March 14th. Gold Fields’s dividend payout ratio (DPR) is presently 25.96%.

Hedge Funds Weigh In On Gold Fields

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company’s stock worth $83,000 after purchasing an additional 649 shares during the period. FCA Corp TX bought a new stake in Gold Fields in the fourth quarter worth approximately $108,000. Net Worth Advisory Group acquired a new position in Gold Fields during the fourth quarter worth $136,000. Signaturefd LLC increased its holdings in shares of Gold Fields by 19.1% during the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after acquiring an additional 1,656 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Gold Fields during the fourth quarter valued at approximately $139,000. Institutional investors own 24.81% of the company’s stock.

About Gold Fields

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.