Gold Fields (NYSE:GFI) has earned an average recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $6.31.
A number of research firms recently issued reports on GFI. JPMorgan Chase decreased their target price on shares of Gold Fields from $7.06 to $6.31 and set an “overweight” rating for the company in a research report on Monday. Royal Bank of Canada raised shares of Gold Fields from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 3rd. HSBC raised shares of Gold Fields from a “reduce” rating to a “hold” rating in a report on Friday, January 19th. Zacks Investment Research cut shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Morgan Stanley raised shares of Gold Fields from an “underweight” rating to an “equal weight” rating in a report on Tuesday, March 20th.
NYSE GFI opened at $3.93 on Monday. The firm has a market cap of $3,203.98, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 1.99 and a beta of -0.85. Gold Fields has a 1 year low of $3.06 and a 1 year high of $4.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.30 and a quick ratio of 0.84.
The company also recently disclosed a semiannual dividend, which was paid on Thursday, March 22nd. Shareholders of record on Friday, March 9th were issued a $0.0426 dividend. The ex-dividend date was Thursday, March 8th. This represents a yield of 2.15%. Gold Fields’s payout ratio is 29.17%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jefferies Group LLC purchased a new stake in shares of Gold Fields during the fourth quarter worth about $108,000. Quantitative Investment Management LLC purchased a new stake in shares of Gold Fields during the fourth quarter worth about $129,000. State of Wisconsin Investment Board purchased a new stake in shares of Gold Fields during the fourth quarter worth about $177,000. Tower Research Capital LLC TRC increased its stake in shares of Gold Fields by 53.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 56,298 shares of the company’s stock worth $242,000 after purchasing an additional 19,689 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Gold Fields by 152.7% during the fourth quarter. First Trust Advisors LP now owns 56,700 shares of the company’s stock worth $244,000 after purchasing an additional 34,258 shares in the last quarter. 33.79% of the stock is owned by institutional investors.
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About Gold Fields
Gold Fields Limited produces gold and holds gold reserves in South Africa, Ghana, Australia, and Peru. It engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. The company holds interests in eight operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as mineral reserves of approximately 48 million ounces and mineral resources of approximately 101 million ounces.
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