Brokerages Set Gold Fields Limited (NYSE:GFI) PT at $49.75

Gold Fields Limited (NYSE:GFI) has earned an average rating of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $49.75.

A number of equities research analysts recently commented on the company. Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Morgan Stanley downgraded Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Finally, Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and boosted their price target for the stock from $40.25 to $57.25 in a research report on Friday, April 24th.

Gold Fields Stock Performance

Shares of GFI stock opened at $40.64 on Thursday. Gold Fields has a fifty-two week low of $21.57 and a fifty-two week high of $61.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. The stock’s 50-day simple moving average is $45.13 and its 200-day simple moving average is $46.59.

Gold Fields Announces Dividend

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

Institutional Trading of Gold Fields

Large investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new stake in Gold Fields in the 1st quarter valued at $25,000. CIBC Private Wealth Group LLC boosted its holdings in Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after acquiring an additional 273 shares during the period. Archer Investment Corp acquired a new stake in Gold Fields in the 3rd quarter valued at about $42,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Gold Fields in the 3rd quarter valued at about $45,000. Finally, Bayforest Capital Ltd raised its position in Gold Fields by 1,106.7% in the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after purchasing an additional 996 shares in the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Company Profile

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.