Brokerages Set Gold Fields Ltd. (GFI) Target Price at $5.08
Gold Fields Ltd. (NYSE:GFI) has received an average recommendation of “Buy” from the six ratings firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$5.08.
GFI has been the topic of several analyst reports. Goldman Sachs Group Inc. raised Gold Fields from a “sell” rating to a “neutral” rating in a research note on Monday, June 27th. Macquarie raised Gold Fields from a “neutral” rating to an “outperform” rating in a research note on Friday, September 2nd. Zacks Investment Research lowered Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. JPMorgan Chase & Co. raised Gold Fields from an “underweight” rating to a “neutral” rating in a research note on Tuesday, July 12th. Finally, Citigroup Inc. reissued a “sell” rating on shares of Gold Fields in a research note on Thursday, August 18th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Global X Management Co. LLC increased its position in Gold Fields by 1.2% in the second quarter. Global X Management Co. LLC now owns 34,862 shares of the company’s stock worth $171,000 after buying an additional 400 shares during the period. BNP Paribas Arbitrage SA increased its position in Gold Fields by 4.4% in the second quarter. BNP Paribas Arbitrage SA now owns 80,298 shares of the company’s stock worth $393,000 after buying an additional 3,352 shares during the period. World Asset Management Inc increased its position in Gold Fields by 11.8% in the second quarter. World Asset Management Inc now owns 49,913 shares of the company’s stock worth $245,000 after buying an additional 5,265 shares during the period. Franklin Resources Inc. increased its position in Gold Fields by 27.5% in the first quarter. Franklin Resources Inc. now owns 65,000 shares of the company’s stock worth $256,000 after buying an additional 14,000 shares during the period. Finally, State Street Corp increased its position in Gold Fields by 8.4% in the second quarter. State Street Corp now owns 224,663 shares of the company’s stock worth $1,101,000 after buying an additional 17,381 shares during the period. 36.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of Gold Fields (NYSE:GFI) opened at 4.43 on Friday. The company’s market cap is $3.64 billion. Gold Fields has a 52 week low of $2.04 and a 52 week high of $6.60. The company has a 50 day moving average price of $4.81 and a 200 day moving average price of $4.87.
The company also recently declared a dividend, which was paid on Thursday, September 22nd. Investors of record on Friday, September 9th were paid a dividend of $0.028 per share. This is an increase from Gold Fields’s previous dividend of $0.01. The ex-dividend date of this dividend was Wednesday, September 7th. Gold Fields’s dividend payout ratio is -12.90%.
Gold Fields Company Profile
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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