Gold Fields Limited (NYSE:GFI) Receives Average Recommendation of “Hold” from Brokerages

Gold Fields Limited (NYSE:GFI) has been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $17.20.

GFI has been the topic of a number of research analyst reports. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Finally, Scotiabank upped their price target on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, February 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. PKO Investment Management Joint Stock Co bought a new position in Gold Fields in the fourth quarter valued at about $5,346,000. Integrated Advisors Network LLC bought a new position in Gold Fields in the fourth quarter valued at about $331,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in Gold Fields in the fourth quarter valued at about $570,000. Public Employees Retirement System of Ohio bought a new position in Gold Fields in the fourth quarter valued at about $139,000. Finally, Two Sigma Investments LP lifted its holdings in Gold Fields by 61.1% in the fourth quarter. Two Sigma Investments LP now owns 64,256 shares of the company’s stock valued at $848,000 after acquiring an additional 24,365 shares during the period. Institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Down 3.0 %

NYSE GFI opened at $20.13 on Friday. Gold Fields has a 12 month low of $12.98 and a 12 month high of $20.83. The stock has a market cap of $18.02 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.30 and a beta of 1.14. The stock’s fifty day moving average price is $17.67 and its 200-day moving average price is $15.89.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.3752 per share. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 14th. Gold Fields’s dividend payout ratio is presently 25.53%.

Gold Fields Company Profile

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.