Gold Fields Limited (NYSE:GFI) Given Average Rating of "Hold" by Analysts

Gold Fields Limited (NYSE:GFI - Get Free Report) has been given a consensus rating of "Hold" by the six analysts that are presently covering the company, MarketBeat Ratings reports. Four research 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 brokerages that have issued ratings on the stock in the last year is $17.20.

A number of research analysts have recently commented on GFI shares. JPMorgan Chase & Co. raised their target price on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research note on Wednesday, January 15th. StockNews.com raised Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Friday. Finally, Scotiabank lifted their price objective on Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PKO Investment Management Joint Stock Co bought a new position in Gold Fields in the fourth quarter worth approximately $5,346,000. Integrated Advisors Network LLC bought a new position in Gold Fields in the fourth quarter worth approximately $331,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in Gold Fields during the fourth quarter worth $570,000. Public Employees Retirement System of Ohio purchased a new stake in Gold Fields during the fourth quarter worth $139,000. Finally, Two Sigma Investments LP lifted its holdings in Gold Fields by 61.1% during the fourth quarter. Two Sigma Investments LP now owns 64,256 shares of the company's stock worth $848,000 after buying an additional 24,365 shares during the period. Institutional investors own 24.81% of the company's stock.

Remove Ads

Gold Fields Trading Up 3.2 %

NYSE GFI traded up $0.66 on Friday, hitting $21.31. The company's stock had a trading volume of 4,144,744 shares, compared to its average volume of 3,099,816. Gold Fields has a 52-week low of $12.98 and a 52-week high of $21.50. The company's 50-day simple moving average is $17.80 and its 200 day simple moving average is $15.96. The firm has a market cap of $19.07 billion, a P/E ratio of 9.07, a PEG ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a $0.3752 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 1.6%. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's dividend payout ratio is 25.53%.

Gold Fields Company Profile

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.