Gold Fields Limited (NYSE:GFI - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $15.80, but opened at $14.81. Gold Fields shares last traded at $14.61, with a volume of 1,297,603 shares changing hands.
Analysts Set New Price Targets
GFI has been the subject of several research reports. Investec raised Gold Fields from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Bank of America began coverage on Gold Fields in a research report on Monday, September 16th. They set a "buy" rating and a $16.00 price objective on the stock. Scotiabank decreased 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 note on Monday, August 26th. Finally, StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $15.93.
Get Our Latest Stock Analysis on Gold Fields
Gold Fields Price Performance
The business's 50-day moving average is $15.66 and its two-hundred day moving average is $15.77.
Gold Fields Cuts Dividend
The business 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 of this dividend was Friday, September 13th.
Hedge Funds Weigh In On Gold Fields
Hedge funds have recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Gold Fields during the third quarter valued at approximately $209,000. Metis Global Partners LLC boosted its position in Gold Fields by 49.7% in the third quarter. Metis Global Partners LLC now owns 43,238 shares of the company's stock valued at $664,000 after buying an additional 14,352 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of Gold Fields by 90.7% during the third quarter. Rakuten Securities Inc. now owns 16,562 shares of the company's stock worth $254,000 after buying an additional 7,879 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Gold Fields in the 3rd quarter valued at $1,052,000. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Gold Fields by 8.3% during the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company's stock worth $170,000 after purchasing an additional 850 shares during the last quarter. 26.02% of the stock is owned by institutional investors.
About Gold Fields
(
Get Free Report)
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.
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