Gold Fields (NYSE:GFI) Stock Lifted to Hold by Zacks Research

Zacks Research upgraded shares of Gold Fields (NYSE:GFI) from a strong sell rating to a hold rating in a research report released on Tuesday morning,Zacks reports.

GFI has been the topic of several other reports. RBC Dominion Securities set a $54.00 price target on shares of Gold Fields and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Scotiabank reduced their price target 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. JPMorgan Chase & Co. cut 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. Finally, Royal Bank Of Canada raised their price objective on Gold Fields from $49.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.46.

Gold Fields Price Performance

Shares of GFI opened at $36.20 on Tuesday. The firm has a 50-day moving average of $40.80 and a 200-day moving average of $42.87. Gold Fields has a one year low of $31.11 and a one year high of $61.64.

Gold Fields Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, September 24th. Stockholders of record on Friday, September 11th were issued a dividend of $1.0144 per share. This represents a dividend yield of 450.0%. The ex-dividend date of this dividend was Friday, September 11th.

Institutional Trading of Gold Fields

Several hedge funds and other institutional investors have recently bought and sold shares of GFI. Crescent Grove Advisors LLC bought a new stake in Gold Fields in the 1st quarter worth approximately $1,795,000. Oakmont Investment Advisors Inc. bought a new position in Gold Fields in the second quarter valued at about $912,000. Engineers Gate Manager LP boosted its position in Gold Fields by 51.0% in 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 last quarter. Bank of America Corp DE grew its stake in shares of Gold Fields by 32.1% during the 1st 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 during the period. Finally, U S Global Investors Inc. lifted its stake in shares of Gold Fields by 732.1% in the 3rd quarter. U S Global Investors Inc. now owns 208,031 shares of the company’s stock worth $7,514,000 after purchasing an additional 183,031 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

About Gold Fields

Gold Fields Limited (NYSE:GFI) is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and refined gold for sale to international markets. Its activities include mine development, underground and open-pit mining, ore processing and exploration for additional mineral resources.

Gold Fields has a history dating to 1887 and has grown into one of the world’s major gold-mining companies through acquisitions, partnerships and the development of its own projects.