Gold Fields Limited (NYSE:GFI) Receives $43.88 Average Price Target from Brokerages

Shares of Gold Fields Limited (NYSE:GFI) have been assigned a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $43.8750.

GFI has been the topic of several analyst reports. Scotiabank dropped their target price 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. Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. JPMorgan Chase & Co. upped their price target on shares of Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Zacks Research raised shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, Wall Street Zen upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st.

Hedge Funds Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Country Trust Bank acquired a new stake in Gold Fields in the 2nd quarter valued at approximately $26,000. CIBC Private Wealth Group LLC boosted its position in Gold Fields by 47.1% during the 3rd 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 period. Archer Investment Corp bought a new position in shares of Gold Fields in the third quarter worth $42,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Gold Fields in the third quarter worth $45,000. Finally, Bayforest Capital Ltd increased its holdings in shares of Gold Fields by 1,106.7% during the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after purchasing an additional 996 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Performance

Shares of GFI stock opened at $45.32 on Wednesday. The business has a 50 day moving average of $51.00 and a two-hundred day moving average of $45.51. Gold Fields has a 52 week low of $19.35 and a 52 week high of $61.64.

Gold Fields Dividend Announcement

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

About Gold Fields

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.