Gold Fields Limited (NYSE:GFI) Given Consensus Rating of “Hold” by Analysts

Posted by on May 6th, 2022

Gold Fields Limited (NYSE:GFI – Get Rating) has been given an average recommendation of “Hold” by the eight brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $13.77.

Several equities analysts have recently commented on the company. BMO Capital Markets lowered Gold Fields from an “outperform” rating to a “market perform” rating and set a $15.00 price objective on the stock. in a research report on Thursday, March 17th. StockNews.com lowered Gold Fields from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research lowered Gold Fields from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. UBS Group initiated coverage on Gold Fields in a research report on Monday, March 21st. They set a “sell” rating on the stock. Finally, JPMorgan Chase & Co. lowered Gold Fields from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $15.50 to $15.30 in a research report on Monday, April 4th.

Shares of Gold Fields stock opened at $12.76 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $15.01 and its 200-day moving average price is $12.16. Gold Fields has a 12 month low of $7.75 and a 12 month high of $17.20.

The business also recently declared a semi-annual dividend, which was paid on Thursday, March 24th. Investors of record on Friday, March 11th were given a dividend of $0.1738 per share. This represents a yield of 2%. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.14. The ex-dividend date was Thursday, March 10th.

Several hedge funds have recently modified their holdings of GFI. Morgan Stanley grew its position in shares of Gold Fields by 1,856.9% in the 2nd quarter. Morgan Stanley now owns 2,811,269 shares of the company’s stock worth $25,020,000 after buying an additional 2,667,609 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Gold Fields by 59.4% in the 3rd quarter. Schroder Investment Management Group now owns 5,422,681 shares of the company’s stock worth $44,032,000 after buying an additional 2,020,562 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Gold Fields in the 4th quarter worth approximately $17,474,000. Wellington Management Group LLP grew its position in shares of Gold Fields by 17.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,862,130 shares of the company’s stock worth $80,081,000 after buying an additional 1,484,887 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Gold Fields by 6.4% in the 4th quarter. BlackRock Inc. now owns 23,220,781 shares of the company’s stock worth $255,195,000 after buying an additional 1,387,852 shares during the last quarter. Hedge funds and other institutional investors own 32.16% of the company’s stock.

About Gold Fields (Get Rating)

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.24 million ounces, as well as gold mineral reserves of approximately 52.1 million ounces and mineral resources of approximately 116.0 million ounces.

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Analyst Recommendations for Gold Fields (NYSE:GFI)

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