Brokerages Set Gold Fields Limited (NYSE:GFI) PT at $15.93

Shares of Gold Fields Limited (NYSE:GFI) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $15.93.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of Gold Fields from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $13.50 to $14.00 in a research note on Wednesday, June 26th. Bank of America initiated coverage on shares of Gold Fields in a research report on Monday, September 16th. They issued a “buy” rating and a $16.00 price target on the stock. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Finally, Scotiabank lowered their price target on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Monday, August 26th.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $15.70 on Friday. The business has a 50 day moving average price of $15.31 and a 200 day moving average price of $15.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.77. Gold Fields has a twelve month low of $10.31 and a twelve month high of $18.97.

Gold Fields Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 13th will be paid a $0.1692 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a dividend yield of 2.2%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. First Eagle Investment Management LLC bought a new stake in Gold Fields during the 1st quarter worth approximately $85,326,000. Van ECK Associates Corp grew its stake in shares of Gold Fields by 6.6% during the first quarter. Van ECK Associates Corp now owns 47,241,502 shares of the company’s stock valued at $750,667,000 after purchasing an additional 2,934,943 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Gold Fields by 145.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock valued at $16,329,000 after buying an additional 669,819 shares during the period. South Street Advisors LLC bought a new stake in shares of Gold Fields during the first quarter worth $9,260,000. Finally, Mackenzie Financial Corp lifted its stake in shares of Gold Fields by 28.7% during the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock valued at $38,878,000 after acquiring an additional 581,730 shares during the period. 26.02% of the stock is currently owned by institutional investors and hedge funds.

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.