Gold Fields Limited (NYSE:GFI) has received a consensus rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $4.00.
A number of research analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Gold Fields in a research report on Monday. Zacks Investment Research lowered shares of Gold Fields from a “hold” rating to a “sell” rating in a research note on Thursday. JPMorgan Chase & Co. downgraded shares of Gold Fields from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $4.10 to $4.00 in a report on Thursday, February 21st. Morgan Stanley downgraded shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 31st. Finally, ValuEngine downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.
Large investors have recently bought and sold shares of the business. Brookstone Capital Management bought a new position in shares of Gold Fields during the 4th quarter worth approximately $39,000. Blueshift Asset Management LLC bought a new stake in shares of Gold Fields during the 4th quarter valued at $39,000. PNC Financial Services Group Inc. raised its holdings in shares of Gold Fields by 118.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,914 shares of the company’s stock worth $49,000 after buying an additional 7,532 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Gold Fields by 59.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,200 shares of the company’s stock worth $64,000 after purchasing an additional 6,800 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. acquired a new position in Gold Fields in the 4th quarter worth about $78,000. 41.81% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently declared a semiannual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.0141 per share. This represents a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, March 14th. Gold Fields’s dividend payout ratio is currently 28.57%.
Gold Fields Company Profile
Gold Fields Limited produces gold and holds gold reserves and resources in South Africa, Ghana, Australia, and Peru. The company engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. It holds interests in seven operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.
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