Gold Fields Limited (NYSE:GFI) Receives Consensus Rating of “Hold” from Analysts

Gold Fields Limited (NYSE:GFI) has been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $43.8750.

Several research firms have weighed in on GFI. Zacks Research upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Morgan Stanley lowered shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. Wall Street Zen raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Scotiabank dropped their price objective on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $42.24 on Wednesday. Gold Fields has a twelve month low of $19.35 and a twelve month high of $61.64. The business has a fifty day moving average of $51.29 and a 200-day moving average of $45.42.

Gold Fields Announces Dividend

The company also recently announced a special dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 13th were given a dividend of $1.4419 per share. The ex-dividend date was Friday, March 13th. This represents a dividend yield of 633.0%.

Hedge Funds Weigh In On Gold Fields

Several hedge funds have recently added to or reduced their stakes in the company. Country Trust Bank bought a new stake in Gold Fields during the 2nd quarter worth about $26,000. CIBC Private Wealth Group LLC lifted its position in Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after purchasing an additional 273 shares during the period. Archer Investment Corp bought a new position in shares of Gold Fields in the 3rd quarter valued at about $42,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Gold Fields during the 3rd quarter worth approximately $45,000. Finally, Bayforest Capital Ltd grew its position in shares of Gold Fields by 1,106.7% during the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after buying an additional 996 shares during the period. Institutional investors own 24.81% of the company’s stock.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.