Gold Fields (NYSE:GFI) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of Gold Fields (NYSE:GFI - Free Report) from a buy rating to a strong-buy rating in a report released on Sunday.

GFI has been the topic of several other research reports. JPMorgan Chase & Co. increased their target price on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Scotiabank upped their price target on shares of Gold Fields from $18.00 to $20.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $17.20.

Gold Fields Stock Performance

GFI traded down $0.02 during midday trading on Friday, hitting $22.74. The stock had a trading volume of 3,343,572 shares, compared to its average volume of 3,278,438. The company has a market cap of $20.35 billion, a P/E ratio of 9.68, a price-to-earnings-growth 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 $23.02. The business has a fifty day moving average of $19.37 and a 200 day moving average of $16.60.

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Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a dividend of $0.3752 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a yield of 1.6%. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's dividend payout ratio is presently 25.96%.

Hedge Funds Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC increased its holdings in Gold Fields by 0.5% during the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company's stock valued at $1,388,000 after purchasing an additional 573 shares during the period. Rhumbline Advisers raised its holdings in shares of Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after acquiring an additional 720 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its stake in Gold Fields by 3.4% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company's stock worth $638,000 after acquiring an additional 1,583 shares during the period. Signaturefd LLC boosted 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 in the last quarter. Finally, US Bancorp DE increased its position in Gold Fields by 18.9% during the 4th quarter. US Bancorp DE now owns 11,484 shares of the company's stock valued at $152,000 after purchasing an additional 1,829 shares during the period. 24.81% of the stock is owned by institutional investors.

About Gold Fields

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.