Gold Fields Limited (NYSE:GFI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued 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 equities research analysts have also commented on GFI. HSBC Holdings plc upgraded shares of Gold Fields Limited from a “reduce” rating to a “hold” rating in a 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 report on Monday, December 12th. Goldman Sachs Group Inc lowered shares of Gold Fields Limited to a “hold” rating in a 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 report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Gold Fields Limited currently has a consensus rating of “Hold” and an average target price of $4.58.

Analyst Recommendations for Gold Fields Limited (NYSE:GFI)

Shares of Gold Fields Limited (NYSE:GFI) traded up 0.86% during trading on Monday, hitting $3.50. 4,294,412 shares of the stock traded hands. The firm’s 50-day moving average price is $3.32 and its 200-day moving average price is $3.74. The stock has a market cap of $2.87 billion, a PE 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 company also recently disclosed a semiannual dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Friday, March 10th will be given a $0.039 dividend. The ex-dividend date is Wednesday, March 8th. This represents a dividend yield of 2.81%. This is an increase from Gold Fields Limited’s previous semiannual dividend of $0.04. Gold Fields Limited’s payout ratio is presently -12.90%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of 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 worth $147,636,000 after buying an additional 1,427,430 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Gold Fields Limited by 24.4% in the fourth quarter. Renaissance Technologies LLC now owns 16,752,500 shares of the company’s stock worth $50,425,000 after buying an additional 3,286,000 shares during 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 worth $80,901,000 after buying an additional 3,335,631 shares during the last quarter. 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 worth $26,002,000 after buying an additional 2,468,515 shares during the last quarter. 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 worth $18,523,000 after buying an additional 898,963 shares during the last quarter. 35.20% of the stock is currently owned by hedge funds and other institutional investors.

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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