Wall Street Zen lowered shares of Gold Fields (NYSE:GFI – Free Report) from a buy rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.
A number of other analysts have also recently weighed in on GFI. JPMorgan Chase & Co. decreased their price target on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Zacks Research downgraded shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Weiss Ratings lowered shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Royal Bank Of Canada reduced their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Finally, Scotiabank decreased their target price on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $54.05.
View Our Latest Analysis on GFI
Gold Fields Stock Up 1.0%
Gold Fields Dividend Announcement
The company also recently announced a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be paid a $1.0144 dividend. This represents a dividend yield of 421.0%. The ex-dividend date is Friday, September 11th.
Institutional Trading of Gold Fields
Several hedge funds and other institutional investors have recently made changes to their positions in GFI. Goldman Sachs Group Inc. lifted its stake in shares of Gold Fields by 69.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock valued at $191,407,000 after purchasing an additional 1,794,124 shares during the period. Man Group plc grew its position in Gold Fields by 63.7% during the fourth quarter. Man Group plc now owns 3,650,799 shares of the company’s stock worth $159,394,000 after buying an additional 1,421,121 shares during the period. AQR Capital Management LLC increased its holdings in Gold Fields by 211.0% in the fourth quarter. AQR Capital Management LLC now owns 1,791,823 shares of the company’s stock valued at $78,231,000 after buying an additional 1,215,647 shares in the last quarter. Van ECK Associates Corp increased its holdings in Gold Fields by 3.4% in the fourth quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock valued at $1,549,227,000 after buying an additional 1,180,634 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Gold Fields in the third quarter valued at about $42,963,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.
About Gold Fields
Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.
The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.
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