Gold Fields Limited (NYSE:GFI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $23.73 and last traded at $23.47, with a volume of 6623372 shares. The stock had previously closed at $21.55.
Analyst Upgrades and Downgrades
Several research firms recently commented on GFI. StockNews.com upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Thursday, April 10th. Scotiabank increased their target price on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research note on Monday. Finally, JPMorgan Chase & Co. boosted 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. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.95.
View Our Latest Analysis on GFI
Gold Fields Stock Performance
The firm has a 50 day moving average price of $20.34 and a two-hundred day moving average price of $17.06. The company has a market capitalization of $21.39 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 0.30 and a beta of 0.92.
Gold Fields Increases Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid 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 was Friday, March 14th. Gold Fields's dividend payout ratio is currently 25.96%.
Institutional Investors Weigh In On Gold Fields
Several large investors have recently made changes to their positions in the company. HighTower Advisors LLC boosted its position in Gold Fields by 0.5% in the fourth quarter. HighTower Advisors LLC now owns 105,174 shares of the company's stock valued at $1,388,000 after buying an additional 573 shares in the last quarter. GAMMA Investing LLC grew its position in Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after acquiring an additional 649 shares during the last quarter. Rhumbline Advisers increased its holdings in Gold Fields by 4.3% during the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after purchasing an additional 720 shares in the last quarter. Parallel Advisors LLC raised its position in Gold Fields by 24.1% in the 1st quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock valued at $148,000 after purchasing an additional 1,298 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted 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 purchasing an additional 1,583 shares in the last quarter. Institutional investors own 24.81% of the company's stock.
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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