Gold Fields Limited (NYSE:GFI - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $21.61, but opened at $21.00. Gold Fields shares last traded at $20.88, with a volume of 547,819 shares.
Analyst Ratings Changes
A number of equities research analysts have issued reports on GFI shares. StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. boosted their price objective 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, Scotiabank raised their target price 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Gold Fields presently has an average rating of "Hold" and a consensus price target of $17.20.
View Our Latest Analysis on Gold Fields
Gold Fields Price Performance
The company has a 50 day moving average of $18.83 and a 200-day moving average of $16.34. The company has a market cap of $19.89 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14.
Gold Fields Increases Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a dividend of $0.3752 per share. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 1.6%. Gold Fields's payout ratio is presently 25.96%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of GFI. FCA Corp TX purchased a new position in Gold Fields in the 4th quarter worth approximately $108,000. Net Worth Advisory Group purchased a new position in Gold Fields in the fourth quarter worth $136,000. Signaturefd LLC grew its position in Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company's stock worth $136,000 after acquiring an additional 1,656 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Gold Fields in the fourth quarter valued at $139,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Gold Fields during the fourth quarter valued at about $141,000. 24.81% of the stock is currently owned by institutional investors.
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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