Brokerages Set Gold Fields Limited (NYSE:GFI) PT at $18.56

Shares of Gold Fields Limited (NYSE:GFI) have received a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $18.56.

GFI has been the subject of several research analyst reports. Hsbc Global Res upgraded Gold Fields to a “hold” rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. lifted their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Wednesday. HSBC reaffirmed a “hold” rating and issued a $21.00 price target on shares of Gold Fields in a report on Thursday, April 17th. Finally, Scotiabank upped their target price on Gold Fields from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Monday, April 14th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Richardson Financial Services Inc. acquired a new position in Gold Fields during the first quarter worth $26,000. Banque Cantonale Vaudoise acquired a new stake in Gold Fields in the 1st quarter worth about $44,000. GAMMA Investing LLC increased its stake in Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company’s stock worth $83,000 after buying an additional 649 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Gold Fields by 67.1% during the first quarter. Blue Trust Inc. now owns 4,053 shares of the company’s stock valued at $90,000 after acquiring an additional 1,627 shares during the last quarter. Finally, FCA Corp TX purchased a new position in shares of Gold Fields in the fourth quarter valued at approximately $108,000. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Price Performance

Shares of GFI opened at $22.55 on Friday. The firm has a market capitalization of $20.18 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 0.30 and a beta of 0.57. The company’s fifty day moving average price is $21.84 and its 200-day moving average price is $17.92. Gold Fields has a 1-year low of $12.98 and a 1-year high of $25.52.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a dividend of $0.3752 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a yield of 1.6%. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s dividend payout ratio is currently 25.96%.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.