Gold Fields (NYSE:GFI) Shares Gap Up - Should You Buy?

Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $23.87, but opened at $25.42. Gold Fields shares last traded at $25.17, with a volume of 1,113,384 shares trading hands.

Analyst Upgrades and Downgrades

GFI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a report on Wednesday, January 15th. StockNews.com upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 10th. Finally, Scotiabank boosted their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.95.

Gold Fields Price Performance

The firm has a 50 day moving average price of $20.45 and a 200-day moving average price of $17.11. The firm has a market capitalization of $22.15 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.30 and a beta of 0.92.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a $0.3752 dividend. This represents a dividend yield of 1.6%. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Friday, March 14th. Gold Fields's dividend payout ratio (DPR) is presently 25.96%.

Hedge Funds Weigh In On Gold Fields

Large investors have recently bought and sold shares of the business. Amundi boosted its position in shares of Gold Fields by 7.3% during the 4th quarter. Amundi now owns 3,107,369 shares of the company's stock worth $44,684,000 after acquiring an additional 211,333 shares in the last quarter. American Century Companies Inc. boosted its holdings in Gold Fields by 6.4% in the fourth quarter. American Century Companies Inc. now owns 2,976,004 shares of the company's stock valued at $39,283,000 after purchasing an additional 178,973 shares in the last quarter. RWC Asset Management LLP increased its stake in Gold Fields by 9.2% in the fourth quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock valued at $35,784,000 after purchasing an additional 227,704 shares during the last quarter. DJE Kapital AG purchased a new stake in shares of Gold Fields during the 4th quarter worth approximately $33,486,000. Finally, Schroder Investment Management Group lifted its position in shares of Gold Fields by 11.3% during the 4th quarter. Schroder Investment Management Group now owns 2,164,906 shares of the company's stock worth $28,490,000 after buying an additional 219,254 shares during the last quarter. Hedge funds and other institutional investors 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.

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