Gold Fields Limited (GFI) Given $4.98 Average Price Target by Analysts

Gold Fields Limited (NYSE:GFI) has earned an average broker rating score of 3.33 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating, one has given a sell rating and one has assigned a strong buy rating to the company.

Analysts have set a 1-year consensus target price of $4.98 for the company, according to Zacks. Zacks has also assigned Gold Fields an industry rank of 189 out of 265 based on the ratings given to related companies.

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A number of brokerages have commented on GFI. Morgan Stanley raised Gold Fields from an “underweight” rating to an “equal weight” rating in a research note on Tuesday. Zacks Investment Research cut Gold Fields from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. HSBC raised Gold Fields from a “reduce” rating to a “hold” rating in a research note on Friday, January 19th. Finally, Deutsche Bank raised Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th.

Several hedge funds have recently bought and sold shares of GFI. Donald Smith & CO. Inc. bought a new position in shares of Gold Fields in the fourth quarter valued at approximately $61,294,000. Majedie Asset Management Ltd lifted its holdings in shares of Gold Fields by 15.6% in the third quarter. Majedie Asset Management Ltd now owns 26,795,190 shares of the company’s stock valued at $115,487,000 after purchasing an additional 3,612,155 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Gold Fields by 34.8% in the fourth quarter. Renaissance Technologies LLC now owns 13,698,200 shares of the company’s stock valued at $58,902,000 after purchasing an additional 3,537,400 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Gold Fields by 932.7% in the fourth quarter. Deutsche Bank AG now owns 3,751,005 shares of the company’s stock valued at $16,128,000 after purchasing an additional 3,387,790 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Gold Fields by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 36,205,793 shares of the company’s stock valued at $156,047,000 after purchasing an additional 1,577,860 shares in the last quarter. Institutional investors own 33.79% of the company’s stock.

Shares of GFI stock opened at $3.81 on Wednesday. Gold Fields has a one year low of $3.06 and a one year high of $4.70.

The business also recently announced a semiannual dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Friday, March 9th will be issued a $0.0426 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a dividend yield of 2.15%.

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Gold Fields Company Profile

Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.

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