Brokerages Set Gold Fields Limited (NYSE:GFI) Price Target at $54.05

Gold Fields Limited (NYSE:GFIGet Free Report) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $55.05.

A number of research firms recently weighed in on GFI. JPMorgan Chase & Co. dropped their price target 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. Wall Street Zen cut Gold Fields from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Royal Bank Of Canada upped their price objective on shares of Gold Fields from $49.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Scotiabank dropped their price objective on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th.

Check Out Our Latest Stock Analysis on Gold Fields

Institutional Trading of Gold Fields

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its holdings in shares of Gold Fields by 11.7% in the second quarter. Sequoia Financial Advisors LLC now owns 29,976 shares of the company’s stock valued at $1,007,000 after acquiring an additional 3,136 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Gold Fields during the second quarter valued at approximately $440,000. Engineers Gate Manager LP lifted its holdings in Gold Fields by 51.0% during the second quarter. Engineers Gate Manager LP now owns 87,455 shares of the company’s stock worth $2,938,000 after acquiring an additional 29,555 shares during the period. Baird Financial Group Inc. lifted its holdings in Gold Fields by 2.7% during the second quarter. Baird Financial Group Inc. now owns 26,891 shares of the company’s stock worth $903,000 after acquiring an additional 704 shares during the period. Finally, Allworth Financial LP boosted its position in Gold Fields by 11.8% in the second quarter. Allworth Financial LP now owns 2,631 shares of the company’s stock worth $88,000 after purchasing an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Down 1.8%

NYSE:GFI opened at $42.54 on Wednesday. The company has a fifty day moving average of $40.22 and a 200-day moving average of $41.46. The company has a current ratio of 1.87, a quick ratio of 1.33 and a debt-to-equity ratio of 0.27. Gold Fields has a twelve month low of $31.11 and a twelve month high of $61.64.

Gold Fields Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be issued a dividend of $1.0144 per share. The ex-dividend date is Friday, September 11th. This represents a yield of 450.0%.

About Gold Fields

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Gold Fields Limited is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and other gold-bearing products for refining and sale. Its portfolio also includes limited by-product production, such as copper and silver, at certain operations.

Gold Fields operates mines and development projects across Africa, Australia and the Americas. Its assets include the South Deep mine in South Africa; Tarkwa and the Damang complex in Ghana; St Ives, Agnew and Granny Smith in Western Australia; Cerro Corona in Peru; and Salares Norte in Chile.

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Analyst Recommendations for Gold Fields (NYSE:GFI)

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