Brokerages Set Gold Fields Limited (NYSE:GFI) PT at $15.93

Gold Fields Limited (NYSE:GFI) has been assigned an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $15.93.

Several equities analysts recently issued reports on GFI shares. Scotiabank cut their price target on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Monday, August 26th. JPMorgan Chase & Co. cut their price target on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. BMO Capital Markets raised shares of Gold Fields from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Bank of America initiated coverage on shares of Gold Fields in a research note on Monday, September 16th. They issued a “buy” rating and a $16.00 target price for the company.

Institutional Investors Weigh In On Gold Fields

Several institutional investors have recently modified their holdings of GFI. First Eagle Investment Management LLC acquired a new stake in shares of Gold Fields during the 1st quarter worth approximately $85,326,000. Van ECK Associates Corp grew its position in shares of Gold Fields by 6.6% during the 1st quarter. Van ECK Associates Corp now owns 47,241,502 shares of the company’s stock worth $750,667,000 after buying an additional 2,934,943 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Gold Fields by 145.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock worth $16,329,000 after buying an additional 669,819 shares during the period. South Street Advisors LLC acquired a new stake in shares of Gold Fields during the 1st quarter worth approximately $9,260,000. Finally, Mackenzie Financial Corp grew its position in shares of Gold Fields by 28.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock worth $38,878,000 after buying an additional 581,730 shares during the period. Institutional investors and hedge funds own 26.02% of the company’s stock.

Gold Fields Stock Up 0.5 %

Shares of GFI stock opened at $16.24 on Friday. Gold Fields has a 12-month low of $10.31 and a 12-month high of $18.97. The firm has a 50-day moving average price of $15.30 and a 200 day moving average price of $15.75. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.77 and a quick ratio of 0.70.

Gold Fields Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were paid a $0.1692 dividend. This represents a dividend yield of 2.2%. The ex-dividend date was Friday, September 13th.

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.