Gold Fields (NYSE:GFI) Earns Buy Rating from Analysts at Bank of America

by · The Cerbat Gem

Bank of America began coverage on shares of Gold Fields (NYSE:GFI – Free Report) in a report issued on Monday morning, StockNewsAPI reports. The firm issued a buy rating and a $16.00 price objective on the stock.

Other research analysts have also issued research reports about the company. BMO Capital Markets upgraded Gold Fields from an underperform rating to a market perform rating and increased their price target for the stock from $13.50 to $14.00 in a report on Wednesday, June 26th. Scotiabank cut their price target on Gold Fields from $18.00 to $17.00 and set a sector perform rating on the stock in a report on Monday, August 26th. JPMorgan Chase & Co. dropped their target price on Gold Fields from $17.50 to $16.70 and set a neutral rating on the stock in a report on Wednesday, July 3rd. Finally, StockNews.com upgraded Gold Fields from a hold rating to a buy rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $15.93.

Get Our Latest Analysis on GFI

Gold Fields Trading Down 0.7 %

Shares of NYSE:GFI opened at $14.35 on Monday. The business’s 50 day simple moving average is $15.43 and its two-hundred day simple moving average is $15.74. The company has a current ratio of 1.77, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. Gold Fields has a 52-week low of $10.31 and a 52-week high of $18.97.

Gold Fields Cuts Dividend

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

Institutional Trading of Gold Fields

A number of hedge funds have recently bought and sold shares of GFI. QRG Capital Management Inc. lifted its holdings in Gold Fields by 10.3% during the fourth quarter. QRG Capital Management Inc. now owns 11,802 shares of the company’s stock worth $171,000 after acquiring an additional 1,101 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Gold Fields by 17.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 20,026 shares of the company’s stock worth $290,000 after acquiring an additional 2,903 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Gold Fields during the fourth quarter worth $3,017,000. Artisan Partners Limited Partnership bought a new stake in Gold Fields during the fourth quarter worth $7,889,000. Finally, Parallel Advisors LLC lifted its holdings in Gold Fields by 51.7% during the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock worth $71,000 after acquiring an additional 1,662 shares during the period. 26.02% of the stock is currently owned by institutional investors.

Gold Fields Company Profile

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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.

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