Gold Fields (NYSE:GFI) Reaches New 1-Year High - What's Next?

Gold Fields Limited (NYSE:GFI - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $21.50 and last traded at $21.31, with a volume of 4145144 shares changing hands. The stock had previously closed at $20.65.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GFI. Scotiabank increased their price target on Gold Fields from $18.00 to $20.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. increased their price target on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research note on Wednesday, January 15th. Finally, StockNews.com cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Gold Fields currently has a consensus rating of "Hold" and a consensus price target of $17.20.

Gold Fields Trading Down 1.4 %

The firm has a market capitalization of $19.30 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The company has a 50-day moving average of $18.38 and a 200-day moving average of $16.15.

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Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be given a dividend of $0.3752 per share. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. This represents a yield of 1.6%. The ex-dividend date of this dividend is Friday, March 14th. Gold Fields's dividend payout ratio (DPR) is currently 25.53%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Fairtree Asset Management Pty Ltd acquired a new stake in Gold Fields during the 4th quarter worth about $911,000. PKO Investment Management Joint Stock Co acquired a new stake in Gold Fields during the 4th quarter worth about $5,346,000. Integrated Advisors Network LLC acquired a new stake in Gold Fields during the 4th quarter worth about $331,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in Gold Fields during the 4th quarter worth about $570,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Gold Fields during the 4th quarter worth about $139,000. 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.