Gold Fields Limited (NYSE:GFI) Given Consensus Recommendation of “Hold” by Brokerages

Gold Fields Limited (NYSE:GFI) has been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $15.93.

A number of research analysts recently issued reports on GFI shares. Scotiabank decreased their price objective 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. BMO Capital Markets upgraded shares of Gold Fields from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. StockNews.com upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Bank of America initiated coverage on shares of Gold Fields in a report on Monday, September 16th. They set a “buy” rating and a $16.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced 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.

Gold Fields Stock Performance

Shares of NYSE GFI opened at $16.24 on Friday. 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 quick ratio of 0.70 and a current ratio of 1.77. Gold Fields has a 52-week low of $10.31 and a 52-week high of $18.97.

Gold Fields Cuts Dividend

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

Institutional Trading of Gold Fields

A number of institutional investors have recently made changes to their positions in the business. Ballentine Partners LLC lifted its position in shares of Gold Fields by 6.9% in the first quarter. Ballentine Partners LLC now owns 14,017 shares of the company’s stock worth $223,000 after purchasing an additional 901 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Gold Fields by 10.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after purchasing an additional 1,090 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Gold Fields by 78.4% in the first quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock worth $49,000 after purchasing an additional 1,361 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Gold Fields by 51.7% in the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock worth $71,000 after purchasing an additional 1,662 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its position in shares of Gold Fields by 13.7% in the first quarter. Banque Cantonale Vaudoise now owns 14,813 shares of the company’s stock worth $235,000 after purchasing an additional 1,789 shares in the last quarter. Institutional investors own 26.02% of the company’s stock.

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.