Gold Fields Limited (NYSE:GFI) Receives Average Rating of “Hold” from Analysts

Gold Fields Limited (NYSE:GFI) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $18.56.

A number of equities analysts have commented on the stock. Hsbc Global Res raised shares of Gold Fields to a “hold” rating in a research note on Thursday, April 17th. HSBC reaffirmed a “hold” rating and set a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. JPMorgan Chase & Co. raised their target price on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 28th. Finally, Scotiabank raised their price objective on Gold Fields from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Monday, April 14th.

Hedge Funds Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently bought and sold shares of GFI. Massachusetts Financial Services Co. MA lifted its position in shares of Gold Fields by 1.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company’s stock worth $99,567,000 after purchasing an additional 45,171 shares in the last quarter. Amundi lifted its holdings in Gold Fields by 7.3% during the 4th quarter. Amundi now owns 3,107,369 shares of the company’s stock worth $44,684,000 after buying an additional 211,333 shares in the last quarter. American Century Companies Inc. boosted its position in Gold Fields by 6.4% in the 4th quarter. American Century Companies Inc. now owns 2,976,004 shares of the company’s stock valued at $39,283,000 after buying an additional 178,973 shares during the period. RWC Asset Management LLP grew its stake in shares of Gold Fields by 9.2% in the fourth quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company’s stock worth $35,784,000 after acquiring an additional 227,704 shares in the last quarter. Finally, DJE Kapital AG acquired a new position in shares of Gold Fields in the fourth quarter worth $33,486,000. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Stock Down 0.7 %

Shares of NYSE:GFI opened at $21.18 on Friday. Gold Fields has a 52-week low of $12.98 and a 52-week high of $25.52. The stock has a market cap of $18.96 billion, a P/E ratio of 9.01, a PEG ratio of 0.30 and a beta of 0.57. The business has a fifty day moving average of $21.42 and a two-hundred day moving average of $17.75.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were issued a $0.3752 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s payout ratio is currently 25.96%.

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.