Gold Fields Limited (NYSE:GFI) Receives Average Recommendation of “Hold” from Brokerages

Shares of Gold Fields Limited (NYSE:GFI) have received an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $15.93.

Several brokerages have recently commented on GFI. Bank of America began coverage on Gold Fields in a research note on Monday, September 16th. They set a “buy” rating and a $16.00 price target on the stock. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Scotiabank reduced their price objective on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th.

Gold Fields Price Performance

Shares of NYSE:GFI opened at $13.66 on Friday. The business’s 50 day moving average is $15.69 and its 200 day moving average is $15.67. Gold Fields has a 52-week low of $12.19 and a 52-week high of $18.97.

Gold Fields Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were given a $0.1692 dividend. This represents a dividend yield of 2.2%. The ex-dividend date was Friday, September 13th.

Institutional Investors Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. LGT Fund Management Co Ltd. acquired a new position in shares of Gold Fields during the second quarter worth $149,000. Concurrent Investment Advisors LLC acquired a new position in Gold Fields during the 2nd quarter valued at about $153,000. QRG Capital Management Inc. acquired a new stake in Gold Fields in the third quarter worth about $160,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of Gold Fields by 10.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after acquiring an additional 1,090 shares during the last quarter. Finally, Candriam S.C.A. acquired a new position in shares of Gold Fields during the second quarter valued at about $189,000. Hedge funds and other institutional investors own 26.02% of the company’s stock.

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.