Gold Fields Limited (GFI) Raised to Hold at Zacks Investment Research
Gold Fields Limited (NYSE:GFI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.
According to Zacks, “Gold Fields Limited is one of the world’s largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia. “
A number of other analysts also recently weighed in on GFI. Royal Bank of Canada downgraded shares of Gold Fields Limited from an “outperform” rating to a “sector perform” rating in a report on Monday, December 12th. JPMorgan Chase & Co. raised shares of Gold Fields Limited from a “neutral” rating to an “overweight” rating in a report on Friday, March 3rd. Goldman Sachs Group Inc downgraded shares of Gold Fields Limited to a “hold” rating in a report on Saturday, March 11th. Finally, HSBC Holdings plc raised shares of Gold Fields Limited from a “reduce” rating to a “hold” rating in a report on Monday, March 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Gold Fields Limited currently has a consensus rating of “Hold” and a consensus price target of $4.58.
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Shares of Gold Fields Limited (NYSE:GFI) traded up 0.86% during mid-day trading on Monday, hitting $3.50. 4,294,412 shares of the stock were exchanged. The company’s 50-day moving average is $3.32 and its 200-day moving average is $3.74. Gold Fields Limited has a 1-year low of $2.60 and a 1-year high of $6.60. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 17.50 and a beta of -0.94.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Friday, March 10th will be issued a dividend of $0.039 per share. This represents a dividend yield of 2.81%. This is an increase from Gold Fields Limited’s previous semiannual dividend of $0.04. The ex-dividend date is Wednesday, March 8th. Gold Fields Limited’s dividend payout ratio (DPR) is presently -12.90%.
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Several institutional investors have recently added to or reduced their stakes in GFI. Van ECK Associates Corp increased its position in Gold Fields Limited by 3.0% in the fourth quarter. Van ECK Associates Corp now owns 49,048,394 shares of the company’s stock worth $147,636,000 after buying an additional 1,427,430 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Gold Fields Limited by 24.4% in the fourth quarter. Renaissance Technologies LLC now owns 16,752,500 shares of the company’s stock worth $50,425,000 after buying an additional 3,286,000 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Gold Fields Limited by 25.0% in the third quarter. Acadian Asset Management LLC now owns 16,679,653 shares of the company’s stock worth $80,901,000 after buying an additional 3,335,631 shares during the period. Ruffer LLP boosted its stake in shares of Gold Fields Limited by 40.5% in the fourth quarter. Ruffer LLP now owns 8,567,262 shares of the company’s stock worth $26,002,000 after buying an additional 2,468,515 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Gold Fields Limited by 30.8% in the third quarter. Schroder Investment Management Group now owns 3,819,285 shares of the company’s stock worth $18,523,000 after buying an additional 898,963 shares during the period. 35.20% of the stock is owned by institutional investors.
About Gold Fields Limited
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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