StockNews.com lowered shares of Gold Fields (NYSE:GFI - Free Report) from a strong-buy rating to a buy rating in a report released on Saturday morning.
Other research analysts have also recently issued reports about the company. Scotiabank raised their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. 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, Gold Fields has an average rating of "Hold" and an average target price of $17.20.
Check Out Our Latest Report on GFI
Gold Fields Trading Up 0.5 %
Shares of NYSE GFI traded up $0.10 during midday trading on Friday, reaching $20.67. The company had a trading volume of 3,147,973 shares, compared to its average volume of 3,185,586. The stock has a market cap of $18.50 billion, a P/E ratio of 8.80, a P/E/G ratio of 0.30 and a beta of 1.14. Gold Fields has a 1 year low of $12.98 and a 1 year high of $22.18. The business's 50-day simple moving average is $18.50 and its 200 day simple moving average is $16.23.
Gold Fields Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be given a dividend of $0.3752 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 1.6%. This is an increase from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's dividend payout ratio is currently 25.96%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP purchased a new position in Gold Fields during the fourth quarter valued at $2,886,000. Fairtree Asset Management Pty Ltd acquired a new stake in Gold Fields in the 4th quarter worth about $911,000. PKO Investment Management Joint Stock Co purchased a new stake in Gold Fields during the 4th quarter worth approximately $5,346,000. Integrated Advisors Network LLC acquired a new position in shares of Gold Fields during the fourth quarter valued at approximately $331,000. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of Gold Fields in the fourth quarter valued at approximately $570,000. Hedge funds and other institutional investors own 24.81% of the company's stock.
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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