Gold Fields (NYSE:GFI – Free Report) had its target price boosted by Royal Bank Of Canada from $49.00 to $54.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.
Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gold Fields in a report on Monday, August 31st. Scotiabank cut their price target on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Gold Fields presently has a consensus rating of “Hold” and an average price target of $55.05.
View Our Latest Stock Analysis on GFI
Gold Fields Trading Down 1.8%
Gold Fields Dividend Announcement
The company also recently announced a dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be paid a dividend of $1.0144 per share. This represents a yield of 450.0%. The ex-dividend date of this dividend is Friday, September 11th.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC grew its stake in Gold Fields by 11.7% during the 2nd 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 acquired a new stake in shares of Gold Fields during the second quarter worth approximately $440,000. Engineers Gate Manager LP boosted its holdings in shares of 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 purchasing an additional 29,555 shares during the period. Baird Financial Group Inc. grew its position in Gold Fields by 2.7% during the second quarter. Baird Financial Group Inc. now owns 26,891 shares of the company’s stock valued at $903,000 after purchasing an additional 704 shares in the last quarter. Finally, Allworth Financial LP grew its position in Gold Fields by 11.8% during the second quarter. Allworth Financial LP now owns 2,631 shares of the company’s stock valued at $88,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.
About Gold Fields
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.
Featured Stories
- Five stocks we like better than Gold Fields
- J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning
- 2 Stocks Breaking Out Post-FOMC With One Thing in Common
- Lennar’s Q3 Miss Hides a Stronger Operating Story Beneath the Housing Slump
- These 3 Stocks Are Drawing Insider Buyers for Very Different Reasons
Receive News & Ratings for Gold Fields Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields and related companies with MarketBeat.com's FREE daily email newsletter.
