Brokerages Set Gold Fields Limited (NYSE:GFI) Price Target at $15.93

Gold Fields Limited (NYSE:GFI) has earned an average rating of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $15.93.

A number of research analysts have recently commented on the company. Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Bank of America started coverage on shares of Gold Fields in a research report on Monday, September 16th. They set a “buy” rating and a $16.00 price objective for the company. Scotiabank reduced their target price on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Monday, August 26th. Finally, StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th.

Gold Fields Price Performance

Shares of Gold Fields stock opened at $13.66 on Friday. The stock has a 50 day moving average of $15.69 and a 200 day moving average of $15.67. Gold Fields has a 12 month low of $12.19 and a 12 month high of $18.97.

Gold Fields Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were paid a dividend of $0.1692 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 2.2%.

Institutional Trading of Gold Fields

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GFI. Creative Planning raised its holdings in shares of Gold Fields by 15.2% in the second quarter. Creative Planning now owns 54,242 shares of the company’s stock worth $808,000 after buying an additional 7,155 shares during the period. CWA Asset Management Group LLC bought a new position in Gold Fields in the 3rd quarter valued at $1,052,000. International Assets Investment Management LLC purchased a new stake in Gold Fields in the third quarter worth $10,600,000. Range Financial Group LLC bought a new stake in shares of Gold Fields during the second quarter worth $1,243,000. Finally, Van ECK Associates Corp boosted its stake in shares of Gold Fields by 3.3% during the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock valued at $744,566,000 after purchasing an additional 1,549,372 shares during the period. 26.02% of the stock is owned by hedge funds and other institutional investors.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.