The Goldman Sachs Group upgraded shares of Gold Fields (NYSE:GFI – Free Report) to a hold rating in a report published on Wednesday,Zacks reports.
A number of other research firms have also commented on GFI. Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada increased their price target on Gold Fields from $49.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Gold Fields in a research report on Monday, August 31st. Finally, Scotiabank reduced their price target on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $52.21.
Check Out Our Latest Stock Report on GFI
Gold Fields Stock Performance
Shares of NYSE GFI opened at $37.11 on Wednesday. Gold Fields has a fifty-two week low of $31.11 and a fifty-two week high of $61.64. The company’s 50 day simple moving average is $41.78 and its 200 day simple moving average is $40.17.
Gold Fields Dividend Announcement
The business also recently announced a dividend, which was paid on Thursday, September 24th. Stockholders of record on Friday, September 11th were given a dividend of $1.0144 per share. This represents a dividend yield of 450.0%. The ex-dividend date was Friday, September 11th.
Institutional Trading of Gold Fields
A number of hedge funds have recently modified their holdings of GFI. Allspring Global Investments Holdings LLC boosted its stake in Gold Fields by 62.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company’s stock worth $114,147,000 after acquiring an additional 910,580 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Gold Fields by 8.5% during the first quarter. Lazard Asset Management LLC now owns 1,280,861 shares of the company’s stock valued at $58,151,000 after purchasing an additional 99,983 shares during the period. Royal Bank of Canada grew its holdings in Gold Fields by 2.5% during the first quarter. Royal Bank of Canada now owns 1,061,295 shares of the company’s stock valued at $48,182,000 after purchasing an additional 25,635 shares during the period. Bank of America Corp DE increased its stake in Gold Fields by 32.1% in the first quarter. Bank of America Corp DE now owns 771,791 shares of the company’s stock valued at $35,039,000 after purchasing an additional 187,755 shares in the last quarter. Finally, Groupe la Francaise increased its stake in Gold Fields by 39.5% in the first quarter. Groupe la Francaise now owns 572,000 shares of the company’s stock valued at $25,888,000 after purchasing an additional 162,000 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.
Gold Fields Company Profile
Gold Fields Limited (NYSE:GFI) is a global gold mining company engaged in the exploration, development and operation of gold mines. Its primary product is gold, which it produces through a portfolio of underground and open-pit mining operations, along with related processing and refining activities.
The company operates across several major mining regions, including Ghana, South Africa, Australia, Peru and Chile. Its assets include the South Deep mine in South Africa, Tarkwa and Damang in Ghana, St Ives, Agnew, Granny Smith and the Gruyere joint venture in Australia, Cerro Corona in Peru, and Salares Norte in Chile.
Gold Fields traces its origins to the South African gold-mining industry in the late 19th century and has since expanded into an international mining business.
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