Gold Fields Limited (NYSE:GFI) Stock Has Consensus Price Target of $55.05

Shares of Gold Fields Limited (NYSE:GFI) have been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $52.21.

Several research analysts have recently commented on the stock. Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Scotiabank dropped their price objective on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Zacks Research downgraded shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. reduced their target price on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Finally, Royal Bank Of Canada increased their target price on shares of Gold Fields from $49.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th.

Gold Fields Stock Performance

Shares of Gold Fields stock opened at $37.11 on Friday. The business has a 50-day moving average of $41.78 and a 200 day moving average of $40.17. Gold Fields has a 12 month low of $31.11 and a 12 month high of $61.64.

Gold Fields Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, September 24th. Shareholders 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%.

Institutional Trading of Gold Fields

Large investors have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in Gold Fields in the first quarter valued at $25,000. Allworth Financial LP grew its stake in Gold Fields by 11.8% during the 2nd quarter. Allworth Financial LP now owns 2,631 shares of the company’s stock worth $88,000 after purchasing an additional 277 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in 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 worth $92,000 after purchasing an additional 1,973 shares in the last quarter. Strategic Investment Advisors MI purchased a new stake in Gold Fields during the 1st quarter worth about $118,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Gold Fields during the 1st quarter worth about $121,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Company Profile

Gold Fields Limited (NYSE:GFI) is a global gold mining company engaged in the exploration, development and operation of gold mines. Its primary product is gold, which it produces through a portfolio of underground and open-pit mining operations, along with related processing and refining activities.

The company operates across several major mining regions, including Ghana, South Africa, Australia, Peru and Chile. Its assets include the South Deep mine in South Africa, Tarkwa and Damang in Ghana, St Ives, Agnew, Granny Smith and the Gruyere joint venture in Australia, Cerro Corona in Peru, and Salares Norte in Chile.

Gold Fields traces its origins to the South African gold-mining industry in the late 19th century and has since expanded into an international mining business.