“Gold Fields (GFI) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and disappointing return on equity.”
,” the firm’s analyst wrote.
A number of other firms have also recently commented on GFI. Analysts at Scotiabank reiterated a sector perform rating on shares of Gold Fields in a research note to investors on Wednesday, February 20th. Finally, analysts at Zacks downgraded shares of Gold Fields from a neutral rating to an underperform rating in a research note to investors on Wednesday, February 20th. They now have a $10.30 price target on the stock.
Four investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, six have assigned a hold rating, and three have issued a sell rating to the company’s stock. Gold Fields currently has a consensus rating of hold and an average price target of $10,098.25.
Shares of Gold Fields opened at 8.78 on Friday. Gold Fields has a one year low of $8.56 and a one year high of $13.8071. The stock’s 50-day moving average is currently $10.07. The company has a market cap of $6.405 billion and a P/E ratio of 9.99.
The company also recently declared a semiannual dividend, which is scheduled for Thursday, March 21st. Investors of record on Friday, March 8th will be given a dividend of $0.08 per share. This represents a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, March 6th.
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