StockNews.com cut shares of Gold Fields (NYSE:GFI - Free Report) from a strong-buy rating to a buy rating in a report released on Thursday.
Several other equities research analysts have also commented on GFI. JPMorgan Chase & Co. boosted their price objective on Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. Scotiabank boosted their target price on Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $17.20.
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Gold Fields Trading Up 4.8 %
NYSE:GFI traded up $0.93 during trading hours on Thursday, hitting $20.25. 4,242,467 shares of the stock were exchanged, 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 firm's fifty day moving average price is $16.99 and its 200 day moving average price is $15.71. The company has a market cap of $18.12 billion, a P/E ratio of 8.62, a P/E/G ratio of 0.30 and a beta of 1.14.
Gold Fields Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.3752 per share. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 14th. Gold Fields's payout ratio is currently 11.49%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in GFI. FCA Corp TX acquired a new position in Gold Fields in the fourth quarter valued at approximately $108,000. Net Worth Advisory Group acquired a new position in Gold Fields in the fourth quarter valued at approximately $136,000. Signaturefd LLC lifted its holdings in Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company's stock valued at $136,000 after acquiring an additional 1,656 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Gold Fields in the fourth quarter valued at approximately $139,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Gold Fields in the fourth quarter valued at approximately $141,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.
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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