Gold Fields Limited (NYSE:GFI) Receives $18.56 Consensus Target Price from Analysts

Shares of Gold Fields Limited (NYSE:GFI) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $18.56.

A number of equities analysts have recently weighed in on GFI shares. HSBC reiterated a “hold” rating and set a $21.00 target price on shares of Gold Fields in a research note on Thursday, April 17th. Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Friday. Hsbc Global Res raised Gold Fields to a “hold” rating in a research report on Thursday, April 17th. Finally, Scotiabank raised their price objective on Gold Fields from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Monday, April 14th.

Gold Fields Stock Performance

Gold Fields stock opened at $22.99 on Thursday. The stock has a 50-day simple moving average of $22.18 and a 200 day simple moving average of $18.50. The stock has a market capitalization of $20.58 billion, a P/E ratio of 9.78, a PEG ratio of 0.30 and a beta of 0.57. Gold Fields has a 52 week low of $12.98 and a 52 week high of $25.52.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid a dividend of $0.3752 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s payout ratio is presently 25.96%.

Institutional Investors Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently bought and sold shares of GFI. ABC Arbitrage SA acquired a new position in shares of Gold Fields in the fourth quarter valued at approximately $1,641,000. Raymond James Financial Inc. acquired a new position in shares of Gold Fields during the fourth quarter worth $362,000. Rhumbline Advisers grew its stake in shares of Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after purchasing an additional 720 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Gold Fields by 8.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company’s stock valued at $21,194,000 after purchasing an additional 122,247 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in Gold Fields by 78.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company’s stock worth $7,735,000 after purchasing an additional 257,081 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.