Gold Fields Limited (NYSE:GFI) Stock Has Consensus Price Target of $52.46 According to Brokerages

Shares of Gold Fields Limited (NYSE:GFI) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $52.46.

A number of equities research analysts have recently issued reports on the stock. Scotiabank cut 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 report on Tuesday, July 14th. Royal Bank Of Canada raised their price objective on shares of Gold Fields from $49.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gold Fields in a research note on Monday, August 31st. JPMorgan Chase & Co. cut their target price on shares of 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, The Goldman Sachs Group assumed coverage on Gold Fields in a report on Thursday, October 15th. They issued a “neutral” rating and a $38.00 target price for the company.

Gold Fields Stock Performance

NYSE GFI opened at $41.09 on Thursday. The stock’s 50-day moving average price is $39.14 and its two-hundred day moving average price is $42.34. Gold Fields has a 1 year low of $31.11 and a 1 year high of $61.64.

Gold Fields Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, September 11th. This represents a dividend yield of 450.0%.

Hedge Funds Weigh In On Gold Fields

Several institutional investors and hedge funds have recently bought and sold shares of GFI. West Family Investments Inc. purchased a new stake in shares of Gold Fields in the third quarter worth approximately $222,000. Hantz Financial Services Inc. boosted its holdings in shares of Gold Fields by 109.1% during the third quarter. Hantz Financial Services Inc. now owns 40,193 shares of the company’s stock worth $1,452,000 after purchasing an additional 20,975 shares during the period. Gen Wealth Partners Inc grew its position in Gold Fields by 174.0% during the third quarter. Gen Wealth Partners Inc now owns 1,370 shares of the company’s stock valued at $49,000 after purchasing an additional 870 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Gold Fields by 5.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,156,722 shares of the company’s stock valued at $77,189,000 after purchasing an additional 111,360 shares in the last quarter. Finally, Euro Pacific Asset Management LLC grew its position in Gold Fields by 0.5% during the third quarter. Euro Pacific Asset Management LLC now owns 66,437 shares of the company’s stock valued at $2,400,000 after purchasing an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Company Profile

Gold Fields Limited is a South Africa-based gold mining company. Its business includes the exploration, development, extraction and processing of mineral resources, with gold as its primary product and copper produced at some operations.

The company operates mines and projects in Australia, Ghana, Peru, South Africa and Chile. Its activities span the full mining cycle, from evaluating and developing deposits to operating mines and processing ore.

Gold Fields was formed in 1998 through the combination of Gold Fields of South Africa and Gencor’s gold assets.