Gold Fields Limited (NYSE:GFI) Given Consensus Recommendation of “Hold” by Brokerages

Gold Fields Limited (NYSE:GFI) has been assigned an average recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $43.8750.

Several brokerages have commented on GFI. Wall Street Zen upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. JPMorgan Chase & Co. boosted their target price on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Scotiabank lowered their price target on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, March 20th. Morgan Stanley lowered Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Finally, Citigroup boosted their price objective on Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 26th.

Institutional Investors Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently made changes to their positions in GFI. Up Capital Management Inc. purchased a new position in shares of Gold Fields during the 4th quarter valued at approximately $5,570,000. Rockefeller Capital Management L.P. lifted its holdings in Gold Fields by 1,604.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,096 shares of the company’s stock valued at $92,000 after purchasing an additional 1,973 shares in the last quarter. World Investment Advisors grew its position in shares of Gold Fields by 65.0% in the fourth quarter. World Investment Advisors now owns 16,056 shares of the company’s stock valued at $701,000 after purchasing an additional 6,325 shares during the period. Larry Mathis Financial Planning LLC purchased a new stake in shares of Gold Fields during the fourth quarter worth about $245,000. Finally, Corient Private Wealth LLC raised its position in shares of Gold Fields by 1.1% during the 4th quarter. Corient Private Wealth LLC now owns 47,993 shares of the company’s stock worth $2,095,000 after purchasing an additional 513 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $40.65 on Wednesday. Gold Fields has a 52-week low of $19.35 and a 52-week high of $61.64. The business has a 50-day moving average price of $51.77 and a 200-day moving average price of $45.31.

Gold Fields Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 13th will be issued a $1.4419 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a yield of 633.0%.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.