Gold Fields Limited (NYSE:GFI) Given Consensus Recommendation of “Hold” by Analysts

Shares of Gold Fields Limited (NYSE:GFI) have been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $47.1429.

GFI has been the subject of a number of research reports. Zacks Research cut shares of Gold Fields from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Morgan Stanley lowered shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. JPMorgan Chase & Co. increased their target price on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, Scotiabank reduced their price target on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, March 20th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in Gold Fields by 3.4% during the 4th 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 during the period. Robeco Institutional Asset Management B.V. increased its holdings in Gold Fields by 39.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after purchasing an additional 1,714,442 shares during the period. Goldman Sachs Group Inc. raised its position in Gold Fields by 69.3% during the 4th 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 last quarter. American Century Companies Inc. lifted its holdings in Gold Fields by 24.3% in the 3rd quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock worth $173,584,000 after buying an additional 809,816 shares during the period. Finally, Man Group plc increased its stake in shares of Gold Fields by 63.7% during the fourth quarter. Man Group plc now owns 3,650,799 shares of the company’s stock valued at $159,394,000 after buying an additional 1,421,121 shares during the period. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Trading Down 3.4%

Shares of GFI opened at $43.96 on Friday. The stock has a 50 day simple moving average of $48.84 and a two-hundred day simple moving average of $46.27. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. Gold Fields has a 1 year low of $19.35 and a 1 year high of $61.64.

Gold Fields Dividend Announcement

The company also recently announced a special dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 13th were issued a $1.4419 dividend. The ex-dividend date was Friday, March 13th. This represents a dividend yield of 633.0%.

Gold Fields Company Profile

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.