Gold Fields Ltd. (GFI) Receives Average Rating of “Buy” from Analysts
Gold Fields Ltd. (NYSE:GFI) has been assigned an average rating of “Buy” from the six research firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$5.08.
Several equities analysts have issued reports on GFI shares. Goldman Sachs Group Inc. upgraded Gold Fields from a “sell” rating to a “neutral” rating in a research report on Monday, June 27th. Macquarie upgraded Gold Fields from a “neutral” rating to an “outperform” rating in a research report on Friday, September 2nd. Zacks Investment Research downgraded Gold Fields from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. JPMorgan Chase & Co. upgraded Gold Fields from an “underweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Finally, Citigroup Inc. reiterated a “sell” rating on shares of Gold Fields in a research report on Thursday, August 18th.
Gold Fields (NYSE:GFI) traded down 4.27% during trading on Friday, hitting $4.04. The company had a trading volume of 3,291,442 shares. Gold Fields has a 12-month low of $2.04 and a 12-month high of $6.60. The firm has a 50-day moving average of $4.94 and a 200 day moving average of $4.85. The company’s market capitalization is $3.32 billion.
The company also recently announced a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Friday, September 9th were given a dividend of $0.028 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This is an increase from Gold Fields’s previous dividend of $0.01. Gold Fields’s payout ratio is presently -12.90%.
Several large investors have recently added to or reduced their stakes in GFI. Sequoia Financial Advisors LLC purchased a new stake in Gold Fields during the second quarter worth $111,000. Neuberger Berman Group LLC purchased a new stake in Gold Fields during the second quarter worth $115,000. Allianz Asset Management AG purchased a new stake in Gold Fields during the second quarter worth $131,000. Global X Management Co. LLC increased its stake in Gold Fields by 1.2% in the second quarter. Global X Management Co. LLC now owns 34,862 shares of the company’s stock worth $171,000 after buying an additional 400 shares during the last quarter. Finally, Capstone Asset Management Co. purchased a new stake in Gold Fields during the third quarter worth $181,000. Institutional investors own 36.51% of the company’s stock.
Gold Fields Company Profile
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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