Gold Fields Limited (NYSE:GFI - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $20.65, but opened at $21.48. Gold Fields shares last traded at $21.39, with a volume of 596,420 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts have commented on GFI shares. StockNews.com lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Scotiabank raised their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $17.20.
Check Out Our Latest Analysis on Gold Fields
Gold Fields Stock Performance
The stock has a market cap of $19.30 billion, a P/E ratio of 9.17, a PEG ratio of 0.30 and a beta of 1.14. The stock has a fifty day simple moving average of $18.38 and a 200-day simple moving average of $16.16.
Gold Fields Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.3752 per share. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 14th. Gold Fields's dividend payout ratio (DPR) is currently 25.53%.
Institutional Trading of Gold Fields
A number of institutional investors have recently made changes to their positions in the business. FCA Corp TX acquired a new stake in Gold Fields in the 4th quarter valued at $108,000. Net Worth Advisory Group acquired a new stake in shares of Gold Fields in the fourth quarter valued at about $136,000. Signaturefd LLC increased its position in shares of Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company's stock valued at $136,000 after acquiring an additional 1,656 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Gold Fields during the fourth quarter worth about $139,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Gold Fields during the fourth quarter valued at approximately $141,000. Institutional investors own 24.81% of the company's stock.
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.
Further Reading
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