Gold Fields Limited (NYSE:GFI) Given Consensus Rating of “Hold” by Analysts

Gold Fields Limited (NYSE:GFI) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $17.20.

A number of research analysts recently issued reports on the stock. Scotiabank lifted their price target on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 25th. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. DJE Kapital AG purchased a new position in shares of Gold Fields during the fourth quarter valued at approximately $33,486,000. Marshall Wace LLP raised its holdings in shares of Gold Fields by 1,594.7% during the fourth quarter. Marshall Wace LLP now owns 2,114,631 shares of the company’s stock valued at $27,913,000 after purchasing an additional 1,989,849 shares during the last quarter. Man Group plc raised its holdings in shares of Gold Fields by 119.9% during the fourth quarter. Man Group plc now owns 1,417,329 shares of the company’s stock valued at $18,709,000 after purchasing an additional 772,928 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in shares of Gold Fields during the fourth quarter valued at approximately $9,033,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Gold Fields during the third quarter valued at approximately $9,911,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Trading Up 2.8 %

Shares of GFI opened at $21.91 on Friday. The firm’s 50-day moving average price is $18.10 and its 200-day moving average price is $16.05. The firm has a market capitalization of $19.61 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 0.30 and a beta of 1.14. Gold Fields has a 1-year low of $12.98 and a 1-year high of $22.02.

Gold Fields Increases Dividend

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

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.