Gold Fields Limited (NYSE:GFI) Stock Rated “Hold” by Wall Street Analysts

Gold Fields Limited (NYSE:GFI) has been given an average recommendation of “Hold” by the nine ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $52.21.

GFI has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gold Fields in a research report on Monday, August 31st. JPMorgan Chase & Co. reduced their target price on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Royal Bank Of Canada boosted their price target on Gold Fields from $49.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Scotiabank reduced their target price on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GFI. Van ECK Associates Corp boosted its stake in shares of Gold Fields by 3.4% during the fourth quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock valued at $1,549,227,000 after purchasing an additional 1,180,634 shares in the last quarter. Man Group plc grew its position in shares of Gold Fields by 63.7% during the 4th quarter. Man Group plc now owns 3,650,799 shares of the company’s stock worth $159,394,000 after buying an additional 1,421,121 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Gold Fields by 62.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company’s stock valued at $114,147,000 after purchasing an additional 910,580 shares in the last quarter. USS Investment Management Ltd increased its position in Gold Fields by 8.3% in the 4th quarter. USS Investment Management Ltd now owns 1,800,813 shares of the company’s stock valued at $78,596,000 after buying an additional 138,693 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Gold Fields by 8.5% during the first quarter. Lazard Asset Management LLC now owns 1,280,861 shares of the company’s stock worth $58,151,000 after purchasing an additional 99,983 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Trading Up 1.4%

NYSE GFI opened at $37.62 on Friday. Gold Fields has a 12-month low of $31.11 and a 12-month high of $61.64. The firm’s 50 day moving average is $41.71 and its 200-day moving average is $40.16.

Gold Fields Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, September 24th. Stockholders of record on Friday, September 11th were paid a $1.0144 dividend. The ex-dividend date was Friday, September 11th. This represents a dividend yield of 450.0%.

Gold Fields Company Profile

Gold Fields Limited (NYSE:GFI) is a global gold mining company engaged in the exploration, development and operation of gold mines. Its primary product is gold, which it produces through a portfolio of underground and open-pit mining operations, along with related processing and refining activities.

The company operates across several major mining regions, including Ghana, South Africa, Australia, Peru and Chile. Its assets include the South Deep mine in South Africa, Tarkwa and Damang in Ghana, St Ives, Agnew, Granny Smith and the Gruyere joint venture in Australia, Cerro Corona in Peru, and Salares Norte in Chile.

Gold Fields traces its origins to the South African gold-mining industry in the late 19th century and has since expanded into an international mining business.