Gold Fields (NYSE:GFI) Shares Gap Down - Should You Sell?

Gold Fields Limited (NYSE:GFI - Get Free Report) 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 changing hands.

Analyst Ratings Changes

Several brokerages have recently commented on GFI. JPMorgan Chase & Co. upped their target price on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Scotiabank lifted their target price on shares of Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 25th. Finally, StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $17.20.

Gold Fields Stock Performance

The company has a market cap of $18.58 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The company's 50 day moving average price is $18.72 and its 200 day moving average price is $16.31.

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Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be given a $0.3752 dividend. This represents a dividend yield of 1.6%. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, March 14th. Gold Fields's dividend payout ratio is currently 25.96%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GFI. Cerity Partners LLC boosted its position in Gold Fields by 131.0% in the third quarter. Cerity Partners LLC now owns 31,152 shares of the company's stock valued at $478,000 after buying an additional 17,664 shares in the last quarter. Bank of Montreal Can raised its position in Gold Fields by 36.9% in the 3rd quarter. Bank of Montreal Can now owns 263,575 shares of the company's stock valued at $4,280,000 after purchasing an additional 71,094 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Gold Fields in the third quarter valued at about $9,911,000. Bamco Inc. NY raised its stake in shares of Gold Fields by 4.8% in the third quarter. Bamco Inc. NY now owns 2,018,817 shares of the company's stock worth $30,989,000 after acquiring an additional 92,571 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Gold Fields in the 3rd quarter valued at $521,000. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Company Profile

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.