Brokerages Set Gold Fields Limited (NYSE:GFI) Price Target at $54.05

Gold Fields Limited (NYSE:GFI) has received an average recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $55.05.

A number of brokerages have weighed in on GFI. Weiss Ratings restated a “buy (b-)” rating on shares of Gold Fields in a research note on Monday, August 31st. Zacks Research cut Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Wall Street Zen cut Gold Fields from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Royal Bank Of Canada raised their price target on shares of Gold Fields from $49.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Finally, Scotiabank dropped their price target on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th.

Hedge Funds Weigh In On Gold Fields

Several large investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Gold Fields in the 1st quarter worth about $25,000. Allworth Financial LP grew its position in shares of Gold Fields by 11.8% during the 2nd quarter. Allworth Financial LP now owns 2,631 shares of the company’s stock valued at $88,000 after buying an additional 277 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Gold Fields by 1,604.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,096 shares of the company’s stock valued at $92,000 after buying an additional 1,973 shares during the last quarter. Strategic Investment Advisors MI acquired a new stake in Gold Fields during the first quarter worth about $118,000. Finally, Banque Cantonale Vaudoise bought a new position in Gold Fields in the first quarter worth about $121,000. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Trading Up 0.1%

Shares of GFI stock opened at $42.54 on Wednesday. Gold Fields has a 12 month low of $31.11 and a 12 month high of $61.64. The company has a current ratio of 1.87, a quick ratio of 1.33 and a debt-to-equity ratio of 0.27. The company’s fifty day moving average price is $40.22 and its two-hundred day moving average price is $41.35.

Gold Fields Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be paid a $1.0144 dividend. This represents a yield of 450.0%. The ex-dividend date is Friday, September 11th.

About Gold Fields

Gold Fields Limited is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and other gold-bearing products for refining and sale. Its portfolio also includes limited by-product production, such as copper and silver, at certain operations.

Gold Fields operates mines and development projects across Africa, Australia and the Americas. Its assets include the South Deep mine in South Africa; Tarkwa and the Damang complex in Ghana; St Ives, Agnew and Granny Smith in Western Australia; Cerro Corona in Peru; and Salares Norte in Chile.