Gold Fields Limited (GFI) Given Average Rating of “Hold” by Brokerages
Shares of Gold Fields Limited (NYSE:GFI) have earned a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $3.41.
A number of research firms have recently weighed in on GFI. Zacks Investment Research raised Gold Fields Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. BidaskClub cut Gold Fields Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Finally, Goldman Sachs Group, Inc. (The) raised Gold Fields Limited from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $3.44 to $3.41 in a research report on Thursday, June 29th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. U S Global Investors Inc. lifted its holdings in Gold Fields Limited by 74.3% in the 2nd quarter. U S Global Investors Inc. now owns 26,148 shares of the company’s stock worth $104,000 after purchasing an additional 11,148 shares in the last quarter. Global X Management Co. LLC lifted its holdings in Gold Fields Limited by 1.5% in the 2nd quarter. Global X Management Co. LLC now owns 36,933 shares of the company’s stock worth $129,000 after purchasing an additional 542 shares in the last quarter. Virtu Financial LLC purchased a new position in Gold Fields Limited in the 2nd quarter worth approximately $136,000. Trust Co. of Vermont lifted its holdings in Gold Fields Limited by 209.0% in the 2nd quarter. Trust Co. of Vermont now owns 41,400 shares of the company’s stock worth $144,000 after purchasing an additional 28,000 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in Gold Fields Limited in the 1st quarter worth approximately $148,000. 34.04% of the stock is currently owned by institutional investors.
Shares of Gold Fields Limited (GFI) opened at 4.30 on Friday. The stock has a 50 day moving average of $4.26 and a 200-day moving average of $3.76. Gold Fields Limited has a one year low of $2.60 and a one year high of $5.33. The stock has a market capitalization of $3.53 billion, a P/E ratio of 35.54 and a beta of -1.04.
The firm also recently declared a semiannual dividend, which was paid on Thursday, September 21st. Investors of record on Friday, September 8th were issued a $0.0303 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a yield of 1.4%.
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Gold Fields Limited Company Profile
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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