Gold Fields (NYSE:GFI) Shares Gap Up - Still a Buy?

Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $13.66, but opened at $14.46. Gold Fields shares last traded at $14.44, with a volume of 679,394 shares.

Analysts Set New Price Targets

A number of equities analysts recently commented on GFI shares. Scotiabank dropped their price target on Gold Fields from $18.00 to $17.00 and set a "sector perform" rating for the company in a research note on Monday, August 26th. Bank of America assumed coverage on Gold Fields in a research report on Monday, September 16th. They set a "buy" rating and a $16.00 target price on the stock. Investec upgraded Gold Fields from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Finally, StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $15.93.

Gold Fields Trading Up 6.3 %

The stock's 50 day moving average price is $15.69 and its 200 day moving average price is $15.66.

Gold Fields Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were issued a dividend of $0.1692 per share. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 2.2%.

Institutional Trading of Gold Fields

A number of large investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC lifted its position in Gold Fields by 21.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 88,099 shares of the company's stock worth $1,400,000 after acquiring an additional 15,326 shares during the last quarter. National Bank of Canada FI raised its position in shares of Gold Fields by 2.7% during the 1st quarter. National Bank of Canada FI now owns 1,656,644 shares of the company's stock valued at $28,063,000 after acquiring an additional 43,571 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Gold Fields by 33.0% during the first quarter. Advisors Asset Management Inc. now owns 104,117 shares of the company's stock worth $1,654,000 after purchasing an additional 25,838 shares in the last quarter. Toronto Dominion Bank lifted its position in Gold Fields by 2.9% in the 1st quarter. Toronto Dominion Bank now owns 257,294 shares of the company's stock valued at $4,088,000 after acquiring an additional 7,294 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Gold Fields by 5.6% in the 2nd quarter. Blue Trust Inc. now owns 54,657 shares of the company's stock valued at $868,000 after buying an additional 2,916 shares during the last quarter. 26.02% of the stock is currently 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.