RBC Dominion Securities Reiterates “$54.00” Price Target for Gold Fields (NYSE:GFI)

RBC Dominion Securities set a $54.00 price objective on Gold Fields (NYSE:GFI) in a research note published on Thursday,BayStreet reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also issued reports on GFI. Weiss Ratings reissued a “buy (b-)” rating on shares of Gold Fields in a report on Monday, August 31st. Zacks Research cut 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 price objective on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Scotiabank reduced 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. Finally, Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $52.46.

Gold Fields Stock Performance

Shares of NYSE GFI opened at $34.51 on Thursday. The business has a fifty day simple moving average of $41.26 and a 200 day simple moving average of $39.80. Gold Fields has a one year low of $31.11 and a one year high of $61.64.

Gold Fields Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were given a dividend of $1.0144 per share. This represents a dividend yield of 450.0%. The ex-dividend date was Friday, September 11th.

Institutional Trading of Gold Fields

Large investors have recently bought and sold shares of the stock. Carolina Wealth Advisors LLC grew its position in Gold Fields by 1.7% in the third quarter. Carolina Wealth Advisors LLC now owns 59,987 shares of the company’s stock valued at $2,167,000 after acquiring an additional 998 shares during the period. Evergreen Capital Management LLC bought a new position in shares of Gold Fields during the third quarter valued at $216,000. RWC Asset Management LLP lifted its holdings in shares of Gold Fields by 27.8% during the third quarter. RWC Asset Management LLP now owns 1,445,789 shares of the company’s stock valued at $52,222,000 after acquiring an additional 314,381 shares during the period. RWC Asset Advisors US LLC boosted its stake in shares of Gold Fields by 40.2% in the 3rd quarter. RWC Asset Advisors US LLC now owns 1,329,744 shares of the company’s stock valued at $48,030,000 after purchasing an additional 381,312 shares in the last quarter. Finally, U S Global Investors Inc. boosted its stake in shares of Gold Fields by 732.1% in the 3rd quarter. U S Global Investors Inc. now owns 208,031 shares of the company’s stock valued at $7,514,000 after purchasing an additional 183,031 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.

About Gold Fields

Gold Fields Limited (NYSE:GFI) is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and refined gold for sale to international markets. Its activities include mine development, underground and open-pit mining, ore processing and exploration for additional mineral resources.

Gold Fields has a history dating to 1887 and has grown into one of the world’s major gold-mining companies through acquisitions, partnerships and the development of its own projects.