Gold Fields Limited (NYSE:GFI) Receives $15.93 Consensus Price Target from Analysts

Shares of Gold Fields Limited (NYSE:GFI) have earned a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $15.93.

A number of research analysts have commented on the company. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Friday. Scotiabank lowered their price target on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Monday, August 26th. BMO Capital Markets upgraded shares of Gold Fields from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $13.50 to $14.00 in a research note on Wednesday, June 26th. JPMorgan Chase & Co. decreased their target price on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Finally, Bank of America assumed coverage on shares of Gold Fields in a research report on Monday, September 16th. They issued a “buy” rating and a $16.00 price target for the company.

Gold Fields Trading Up 4.5 %

Shares of NYSE GFI opened at $18.02 on Wednesday. The firm has a market cap of $16.13 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. The business’s 50 day moving average is $15.17 and its 200-day moving average is $15.82. Gold Fields has a 1-year low of $12.19 and a 1-year high of $18.97.

Gold Fields Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were issued a dividend of $0.1692 per share. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 13th. Gold Fields’s dividend payout ratio (DPR) is presently 14.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Gold Fields by 66.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock valued at $21,263,000 after purchasing an additional 551,210 shares in the last quarter. Blue Trust Inc. boosted its stake in Gold Fields by 20.0% in the third quarter. Blue Trust Inc. now owns 65,565 shares of the company’s stock valued at $977,000 after buying an additional 10,908 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in Gold Fields by 17.0% in the third quarter. Atomi Financial Group Inc. now owns 19,139 shares of the company’s stock valued at $294,000 after buying an additional 2,779 shares in the last quarter. SG Americas Securities LLC grew its position in Gold Fields by 107.7% in the third quarter. SG Americas Securities LLC now owns 61,847 shares of the company’s stock valued at $949,000 after acquiring an additional 32,070 shares during the last quarter. Finally, Creative Planning raised its stake in Gold Fields by 15.2% during the second quarter. Creative Planning now owns 54,242 shares of the company’s stock worth $808,000 after acquiring an additional 7,155 shares in the last quarter. 26.02% of the stock is owned by institutional investors.

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.