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

Gold Fields Limited (NYSE:GFI - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $22.09, but opened at $22.65. Gold Fields shares last traded at $22.93, with a volume of 1,251,716 shares changing hands.

Analysts Set New Price Targets

GFI has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. StockNews.com upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Sunday. Finally, Scotiabank raised their price target on shares of Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $17.20.

Gold Fields Trading Down 0.3 %

The stock's fifty day moving average price is $19.50 and its 200 day moving average price is $16.65. The stock has a market cap of $20.28 billion, a P/E ratio of 9.64, a PEG ratio of 0.30 and a beta of 0.92.

Remove Ads

Gold Fields Increases Dividend

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

Hedge Funds Weigh In On Gold Fields

Several large investors have recently made changes to their positions in GFI. HighTower Advisors LLC grew its stake in shares of Gold Fields by 0.5% in the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company's stock worth $1,388,000 after buying an additional 573 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after acquiring an additional 720 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its position in shares of Gold Fields by 3.4% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company's stock worth $638,000 after purchasing an additional 1,583 shares during the last quarter. Signaturefd LLC raised its position in shares of Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company's stock worth $136,000 after purchasing an additional 1,656 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Gold Fields by 18.9% in the 4th quarter. US Bancorp DE now owns 11,484 shares of the company's stock worth $152,000 after purchasing an additional 1,829 shares in the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

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.