Gold Fields Limited (NYSE:GFI - Get Free Report) declared a semi-annual dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.3752 per share on Thursday, March 27th. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 14th. This is a 121.8% increase from Gold Fields's previous semi-annual dividend of $0.17.
Gold Fields has increased its dividend payment by an average of 2.4% annually over the last three years. Gold Fields has a dividend payout ratio of 32.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Gold Fields to earn $2.18 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 34.4%.
Gold Fields Trading Up 4.8 %
Gold Fields stock traded up $0.93 during midday trading on Friday, hitting $20.25. The stock had a trading volume of 4,242,467 shares, compared to its average volume of 2,989,538. Gold Fields has a 52-week low of $12.98 and a 52-week high of $20.40. The company has a market capitalization of $18.12 billion, a PE ratio of 8.62, a P/E/G ratio of 0.30 and a beta of 1.14. The firm's fifty day moving average is $16.99 and its two-hundred day moving average is $15.71.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on GFI shares. JPMorgan Chase & Co. raised their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. Scotiabank increased their price target on Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 25th. Finally, StockNews.com downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $17.20.
Check Out Our Latest Research Report on GFI
About Gold Fields
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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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