Gold Fields Limited (NYSE:GFI) Given Consensus Rating of "Hold" by Brokerages

Shares of Gold Fields Limited (NYSE:GFI - Get Free Report) have received a consensus rating of "Hold" from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $15.93.

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

Hedge Funds Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently bought and sold shares of GFI. Van ECK Associates Corp raised its stake in shares of Gold Fields by 3.3% in the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company's stock valued at $744,566,000 after acquiring an additional 1,549,372 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in Gold Fields in the 1st quarter valued at about $85,326,000. RWC Asset Management LLP boosted its stake in shares of Gold Fields by 10.0% in the 2nd quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company's stock valued at $53,476,000 after buying an additional 324,885 shares during the period. Mackenzie Financial Corp increased its stake in shares of Gold Fields by 28.7% during the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company's stock worth $38,878,000 after buying an additional 581,730 shares during the period. Finally, National Bank of Canada FI raised its holdings in Gold Fields by 6.3% in the second quarter. National Bank of Canada FI now owns 1,760,789 shares of the company's stock valued at $26,165,000 after acquiring an additional 104,145 shares in the last quarter. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Stock Down 2.7 %

Shares of GFI traded down $0.44 during midday trading on Friday, reaching $15.80. The company had a trading volume of 3,092,554 shares, compared to its average volume of 2,868,109. Gold Fields has a 1-year low of $12.19 and a 1-year high of $18.97. The firm has a 50 day simple moving average of $15.66 and a 200-day simple moving average of $15.78.

Gold Fields Cuts Dividend

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

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.