Gold Fields Limited (NYSE:GFI) Stock Has Consensus Target Price of $55.05 According to Analysts

Gold Fields Limited (NYSE:GFI) has earned a consensus recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $55.05.

Several brokerages have recently weighed in on GFI. Royal Bank Of Canada raised their target price on Gold Fields from $49.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Scotiabank cut their price target on 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. reduced their price target on Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Gold Fields in a report on Monday, August 31st. Finally, Zacks Research lowered Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st.

Gold Fields Trading Down 1.1%

Shares of GFI stock opened at $36.35 on Friday. Gold Fields has a 12 month low of $31.11 and a 12 month high of $61.64. The company’s fifty day moving average price is $41.82 and its two-hundred day moving average price is $40.25.

Gold Fields Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, September 24th. Shareholders of record on Friday, September 11th were given a $1.0144 dividend. This represents a dividend yield of 450.0%. The ex-dividend date of this dividend was Friday, September 11th.

Hedge Funds Weigh In On Gold Fields

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its position in Gold Fields by 4.5% during the first quarter. Blue Trust Inc. now owns 4,957 shares of the company’s stock worth $225,000 after purchasing an additional 215 shares during the period. Manning & Napier Advisors LLC raised its position in shares of Gold Fields by 0.3% in the first quarter. Manning & Napier Advisors LLC now owns 79,680 shares of the company’s stock valued at $3,617,000 after purchasing an additional 241 shares during the period. SmartHarvest Portfolios LLC raised its position in shares of Gold Fields by 5.9% in the first quarter. SmartHarvest Portfolios LLC now owns 4,868 shares of the company’s stock valued at $221,000 after purchasing an additional 273 shares during the period. Allworth Financial LP raised its position in shares of Gold Fields by 11.8% in the second quarter. Allworth Financial LP now owns 2,631 shares of the company’s stock valued at $88,000 after purchasing an additional 277 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Gold Fields by 5.2% in the third quarter. GAMMA Investing LLC now owns 6,858 shares of the company’s stock worth $248,000 after buying an additional 337 shares during the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

About Gold Fields

Gold Fields Limited (NYSE:GFI) is a global gold mining company engaged in the exploration, development and operation of gold mines. Its primary product is gold, which it produces through a portfolio of underground and open-pit mining operations, along with related processing and refining activities.

The company operates across several major mining regions, including Ghana, South Africa, Australia, Peru and Chile. Its assets include the South Deep mine in South Africa, Tarkwa and Damang in Ghana, St Ives, Agnew, Granny Smith and the Gruyere joint venture in Australia, Cerro Corona in Peru, and Salares Norte in Chile.

Gold Fields traces its origins to the South African gold-mining industry in the late 19th century and has since expanded into an international mining business.