Brokerages Set Gold Fields Limited (NYSE:GFI) Target Price at $50.38

Gold Fields Limited (NYSE:GFIGet Free Report) has been given an average recommendation of “Hold” by the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $54.05.

A number of research analysts have recently weighed in on GFI shares. Scotiabank lowered their price target on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Wall Street Zen downgraded Gold Fields from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada decreased their price objective on Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Zacks Research cut Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. lowered their target price on Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th.

Read Our Latest Stock Report on GFI

Gold Fields Stock Performance

Gold Fields stock opened at $46.04 on Friday. The company has a 50 day moving average price of $36.80 and a 200 day moving average price of $42.53. Gold Fields has a 52 week low of $31.11 and a 52 week high of $61.64. The company has a quick ratio of 1.33, a current ratio of 1.87 and a debt-to-equity ratio of 0.27.

Gold Fields Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be given a dividend of $1.0144 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a yield of 421.0%.

Institutional Investors Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in shares of Gold Fields during the 1st quarter valued at $25,000. CIBC Private Wealth Group LLC increased its stake in shares of Gold Fields by 47.1% in the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares during the last quarter. Bayforest Capital Ltd increased its stake in shares of Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after acquiring an additional 996 shares during the last quarter. Arax Advisory Partners raised its holdings in shares of Gold Fields by 352.6% during the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after acquiring an additional 885 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after acquiring an additional 2,152 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Company Profile

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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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Analyst Recommendations for Gold Fields (NYSE:GFI)

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