Gold Fields Limited (GFI) Upgraded at Zacks Investment Research

Gold Fields Limited (NYSE:GFI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “Gold Fields Limited is one of the world’s largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia. “

Several other research analysts have also issued reports on GFI. HSBC Holdings plc upgraded shares of Gold Fields Limited from a “reduce” rating to a “hold” rating in a research report on Monday, March 13th. Royal Bank of Canada lowered shares of Gold Fields Limited from an “outperform” rating to a “sector perform” rating in a research report on Monday, December 12th. Goldman Sachs Group Inc lowered shares of Gold Fields Limited to a “hold” rating in a research report on Saturday, March 11th. Finally, JPMorgan Chase & Co. upgraded shares of Gold Fields Limited from a “neutral” rating to an “overweight” rating in a research report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Gold Fields Limited has an average rating of “Hold” and an average price target of $4.58.

Analyst Recommendations for Gold Fields Limited (NYSE:GFI)

Shares of Gold Fields Limited (NYSE:GFI) traded up 0.86% during mid-day trading on Monday, reaching $3.50. The company’s stock had a trading volume of 4,294,412 shares. The company’s 50-day moving average is $3.32 and its 200 day moving average is $3.74. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 17.50 and a beta of -0.94. Gold Fields Limited has a 12 month low of $2.60 and a 12 month high of $6.60.

The firm also recently declared a semiannual dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Friday, March 10th will be paid a $0.039 dividend. The ex-dividend date is Wednesday, March 8th. This is an increase from Gold Fields Limited’s previous semiannual dividend of $0.04. This represents a yield of 2.81%. Gold Fields Limited’s payout ratio is currently -12.90%.

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A number of hedge funds have recently bought and sold shares of GFI. Van ECK Associates Corp increased its stake in Gold Fields Limited by 3.0% in the fourth quarter. Van ECK Associates Corp now owns 49,048,394 shares of the company’s stock valued at $147,636,000 after buying an additional 1,427,430 shares in the last quarter. Renaissance Technologies LLC increased its stake in Gold Fields Limited by 24.4% in the fourth quarter. Renaissance Technologies LLC now owns 16,752,500 shares of the company’s stock valued at $50,425,000 after buying an additional 3,286,000 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Gold Fields Limited by 25.0% in the third quarter. Acadian Asset Management LLC now owns 16,679,653 shares of the company’s stock valued at $80,901,000 after buying an additional 3,335,631 shares during the period. Ruffer LLP increased its position in shares of Gold Fields Limited by 40.5% in the fourth quarter. Ruffer LLP now owns 8,567,262 shares of the company’s stock valued at $26,002,000 after buying an additional 2,468,515 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Gold Fields Limited by 30.8% in the third quarter. Schroder Investment Management Group now owns 3,819,285 shares of the company’s stock valued at $18,523,000 after buying an additional 898,963 shares during the period. 35.20% of the stock is owned by institutional investors and hedge funds.

About Gold Fields Limited

Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.

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