Gold Fields Limited (NYSE:GFI) Given Average Recommendation of “Hold” by Analysts

Gold Fields Limited (NYSE:GFI) has received an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $17.20.

GFI has been the topic of a number of recent analyst reports. Scotiabank boosted their target price on Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 25th. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, JPMorgan Chase & Co. boosted their target price on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th.

Gold Fields Trading Down 1.4 %

GFI stock opened at $21.56 on Friday. The firm has a market capitalization of $19.30 billion, a PE ratio of 9.17, a PEG ratio of 0.30 and a beta of 1.14. Gold Fields has a 1-year low of $12.98 and a 1-year high of $22.18. The business’s 50 day simple moving average is $18.38 and its 200 day simple moving average is $16.15.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a $0.3752 dividend. This represents a yield of 1.6%. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, March 14th. Gold Fields’s dividend payout ratio is currently 25.53%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FCA Corp TX acquired a new position in Gold Fields in the 4th quarter valued at $108,000. Net Worth Advisory Group bought a new stake in shares of Gold Fields during the 4th quarter valued at $136,000. Signaturefd LLC lifted its position 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 period. Public Employees Retirement System of Ohio bought a new stake in shares of Gold Fields during the 4th quarter valued at $139,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Gold Fields during the 4th quarter valued at $141,000. 24.81% of the stock is 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.