Brokerages Set Gold Fields Limited (NYSE:GFI) Price Target at $17.20

Shares of Gold Fields Limited (NYSE:GFI) have been given an average rating of “Hold” by the five ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $17.20.

GFI has been the subject of several recent research reports. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Finally, Scotiabank boosted their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 25th.

Institutional Investors Weigh In On Gold Fields

A number of institutional investors have recently modified their holdings of GFI. DJE Kapital AG acquired a new position in Gold Fields in the fourth quarter worth $33,486,000. Marshall Wace LLP boosted its holdings in shares of Gold Fields by 1,594.7% in the 4th quarter. Marshall Wace LLP now owns 2,114,631 shares of the company’s stock valued at $27,913,000 after buying an additional 1,989,849 shares during the period. Man Group plc grew its position in shares of Gold Fields by 119.9% during the 4th quarter. Man Group plc now owns 1,417,329 shares of the company’s stock valued at $18,709,000 after buying an additional 772,928 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new stake in shares of Gold Fields during the 4th quarter valued at about $9,033,000. Finally, PKO Investment Management Joint Stock Co acquired a new stake in Gold Fields during the fourth quarter worth about $5,346,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Performance

GFI stock opened at $24.49 on Wednesday. The firm has a market cap of $21.92 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 0.30 and a beta of 0.92. Gold Fields has a 1 year low of $12.98 and a 1 year high of $25.01. The stock has a 50-day simple moving average of $20.23 and a 200-day simple moving average of $17.01.

Gold Fields Increases Dividend

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