Gold Fields Limited (NYSE:GFI) Receives $43.88 Average PT from Analysts

Gold Fields Limited (NYSE:GFI) has been given a consensus rating of “Hold” by the eleven brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $43.8750.

A number of research analysts recently commented on GFI shares. JPMorgan Chase & Co. boosted their price objective on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Scotiabank decreased their target price on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, March 20th. Wall Street Zen upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd.

Gold Fields Stock Up 4.3%

NYSE:GFI opened at $42.24 on Wednesday. Gold Fields has a fifty-two week low of $19.35 and a fifty-two week high of $61.64. The stock’s 50-day moving average is $51.29 and its two-hundred day moving average is $45.30.

Gold Fields Announces Dividend

The company also recently announced a special dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 13th were given a $1.4419 dividend. This represents a yield of 633.0%. The ex-dividend date of this dividend was Friday, March 13th.

Institutional Investors Weigh In On Gold Fields

Several institutional investors have recently made changes to their positions in GFI. Millennium Management LLC increased its holdings in Gold Fields by 20.3% in the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock worth $4,230,000 after buying an additional 32,343 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Gold Fields by 2,152.0% in the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after acquiring an additional 2,152 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Gold Fields in the first quarter worth approximately $236,000. Jones Financial Companies Lllp bought a new stake in Gold Fields in the first quarter worth approximately $268,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Gold Fields by 38.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,296 shares of the company’s stock worth $244,000 after purchasing an additional 2,851 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.