Gold Fields Limited (GFI) – What Are Researchers Thinking About This Stock?

Gold Fields Limited (NYSE:GFI) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $52.46.

A number of analysts have commented on the company. Royal Bank Of Canada raised their price objective on Gold Fields from $49.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. JPMorgan Chase & Co. lowered their price objective on Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Gold Fields in a research report on Monday, August 31st. RBC Dominion Securities set a $54.00 target price on Gold Fields and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Finally, Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 27th.

Hedge Funds Weigh In On Gold Fields

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its holdings in Gold Fields by 62.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company’s stock valued at $114,147,000 after purchasing an additional 910,580 shares in the last quarter. RWC Asset Management LLP increased its stake in shares of Gold Fields by 27.8% in the third quarter. RWC Asset Management LLP now owns 1,445,789 shares of the company’s stock valued at $52,222,000 after buying an additional 314,381 shares in the last quarter. RWC Asset Advisors US LLC increased its stake in shares of Gold Fields by 40.2% in the third quarter. RWC Asset Advisors US LLC now owns 1,329,744 shares of the company’s stock valued at $48,030,000 after buying an additional 381,312 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Gold Fields by 8.5% in the first quarter. Lazard Asset Management LLC now owns 1,280,861 shares of the company’s stock valued at $58,151,000 after buying an additional 99,983 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Gold Fields by 2.5% in the first quarter. Royal Bank of Canada now owns 1,061,295 shares of the company’s stock valued at $48,182,000 after buying an additional 25,635 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Down 1.6%

NYSE GFI opened at $37.54 on Thursday. The firm has a 50-day simple moving average of $38.83 and a 200 day simple moving average of $42.19. Gold Fields has a twelve month low of $31.11 and a twelve month high of $61.64.

Gold Fields Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, September 24th. Stockholders of record on Friday, September 11th were paid a $1.0144 dividend. The ex-dividend date was Friday, September 11th. This represents a dividend yield of 450.0%.

About Gold Fields

Gold Fields Limited is a South Africa-based gold mining company. Its business includes the exploration, development, extraction and processing of mineral resources, with gold as its primary product and copper produced at some operations. The company operates mines and projects in Australia, Ghana, Peru, South Africa and Chile. Its activities span the full mining cycle, from evaluating and developing deposits to operating mines and processing ore. Gold Fields was formed in 1998 through the combination of Gold Fields of South Africa and Gencor’s gold assets.