Gold Fields Limited (GFI) Receives $3.41 Consensus PT from Analysts
Shares of Gold Fields Limited (NYSE:GFI) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $3.41.
A number of analysts have weighed in on GFI shares. Goldman Sachs Group, Inc. (The) raised shares of Gold Fields Limited from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $3.44 to $3.41 in a report on Thursday, June 29th. BidaskClub cut shares of Gold Fields Limited from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research raised shares of Gold Fields Limited from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Tuesday, June 6th.
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Gold Fields Limited (GFI) traded down 0.22% during midday trading on Tuesday, hitting $4.45. 2,358,953 shares of the stock traded hands. The company’s 50-day moving average is $4.04 and its 200 day moving average is $3.65. Gold Fields Limited has a 12-month low of $2.60 and a 12-month high of $6.07. The firm has a market cap of $3.66 billion, a P/E ratio of 36.78 and a beta of -1.03.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 8th will be issued a $0.0303 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 1.4%.
Several institutional investors have recently made changes to their positions in the stock. U S Global Investors Inc. boosted its position in shares of Gold Fields Limited by 74.3% in the second quarter. U S Global Investors Inc. now owns 26,148 shares of the company’s stock worth $104,000 after buying an additional 11,148 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Gold Fields Limited by 1,062.0% in the second quarter. Cubist Systematic Strategies LLC now owns 210,688 shares of the company’s stock worth $733,000 after buying an additional 192,557 shares during the last quarter. State Street Corp boosted its position in shares of Gold Fields Limited by 19.2% in the second quarter. State Street Corp now owns 246,860 shares of the company’s stock worth $859,000 after buying an additional 39,717 shares during the last quarter. Sensato Investors LLC acquired a new position in shares of Gold Fields Limited during the second quarter worth approximately $1,841,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Gold Fields Limited by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 34,627,933 shares of the company’s stock worth $120,477,000 after buying an additional 1,033,502 shares during the last quarter. 34.04% of the stock is currently owned by institutional investors and hedge funds.
Gold Fields Limited 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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