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

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

GFI has been the topic of several research analyst reports. Scotiabank reduced their price objective 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. Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 27th. RBC Dominion Securities set a $54.00 price objective on shares of Gold Fields and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Royal Bank Of Canada increased their price objective on shares of Gold Fields from $49.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 16th.

Gold Fields Stock Performance

Shares of NYSE GFI opened at $39.18 on Thursday. The company has a 50 day simple moving average of $39.24 and a 200-day simple moving average of $42.39. Gold Fields has a 1 year low of $31.11 and a 1 year high of $61.64.

Gold Fields Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, September 24th. Stockholders of record on Friday, September 11th were given a dividend of $1.0144 per share. This represents a dividend yield of 450.0%. The ex-dividend date was Friday, September 11th.

Institutional Trading of Gold Fields

Several hedge funds have recently modified their holdings of GFI. Allspring Global Investments Holdings LLC raised its position in Gold Fields by 62.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company’s stock worth $114,147,000 after acquiring an additional 910,580 shares during the last quarter. RWC Asset Advisors US LLC increased its position in Gold Fields by 40.2% during the 3rd quarter. RWC Asset Advisors US LLC now owns 1,329,744 shares of the company’s stock worth $48,030,000 after purchasing an additional 381,312 shares in the last quarter. RWC Asset Management LLP increased its position in Gold Fields by 27.8% during the 3rd quarter. RWC Asset Management LLP now owns 1,445,789 shares of the company’s stock worth $52,222,000 after purchasing an additional 314,381 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Gold Fields during the 1st quarter worth about $10,887,000. Finally, Assenagon Asset Management S.A. acquired a new position in Gold Fields in the 2nd quarter valued at about $8,033,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.

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.