Gold Fields Limited (NYSE:GFI - Get Free Report) shares gapped up before the market opened on Tuesday after the company announced a dividend. The stock had previously closed at $18.41, but opened at $18.85. Gold Fields shares last traded at $18.54, with a volume of 653,431 shares.
The newly announced dividend which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a $0.3752 dividend. The ex-dividend date is Friday, March 14th. This represents a yield of 1.6%. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's dividend payout ratio is presently 11.49%.
Wall Street Analyst Weigh In
GFI has been the topic of several recent research reports. StockNews.com lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Thursday. Scotiabank increased their price target on Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $17.20.
Get Our Latest Analysis on GFI
Gold Fields Price Performance
The stock has a fifty day moving average price of $16.99 and a two-hundred day moving average price of $15.72. The company has a market cap of $18.12 billion, a P/E ratio of 8.62, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14.
Institutional Trading of Gold Fields
A number of hedge funds have recently bought and sold shares of GFI. FCA Corp TX bought a new stake in Gold Fields during the fourth quarter worth $108,000. Net Worth Advisory Group bought a new stake in Gold Fields during the fourth quarter worth $136,000. Signaturefd LLC lifted its holdings in Gold Fields by 19.1% during 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 during the period. Public Employees Retirement System of Ohio bought a new stake in Gold Fields during the fourth quarter worth $139,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Gold Fields during the fourth quarter worth $141,000. 24.81% of the stock is currently owned by institutional investors.
Gold Fields Company Profile
(
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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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