Gold Fields Limited (NYSE:GFI) Receives $49.75 Average PT from Analysts

Gold Fields Limited (NYSE:GFI) has received an average recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $49.75.

Several research firms have commented on GFI. Morgan Stanley cut shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Scotiabank reduced their price target on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th.

Hedge Funds Weigh In On Gold Fields

A number of large investors have recently bought and sold shares of the company. Cim LLC raised its position in Gold Fields by 0.9% during the 1st quarter. Cim LLC now owns 60,324 shares of the company’s stock worth $2,739,000 after buying an additional 523 shares during the last quarter. Strategic Investment Advisors MI acquired a new stake in Gold Fields in the 1st quarter valued at about $118,000. EverSource Wealth Advisors LLC boosted its stake in shares of Gold Fields by 12.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,324 shares of the company’s stock worth $151,000 after purchasing an additional 380 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Gold Fields by 2.5% during the 1st quarter. Royal Bank of Canada now owns 1,061,295 shares of the company’s stock worth $48,182,000 after purchasing an additional 25,635 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Gold Fields by 138.4% during the 1st quarter. Empowered Funds LLC now owns 42,583 shares of the company’s stock worth $1,933,000 after purchasing an additional 24,719 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Performance

NYSE GFI opened at $40.48 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. Gold Fields has a 52 week low of $20.90 and a 52 week high of $61.64. The firm has a 50 day moving average of $45.59 and a two-hundred day moving average of $46.57.

Gold Fields Dividend Announcement

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

Gold Fields Company Profile

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.