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

Shares of Gold Fields Limited (NYSE:GFI - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $20.04, but opened at $21.47. Gold Fields shares last traded at $21.41, with a volume of 1,349,570 shares.

Analyst Upgrades and Downgrades

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

Gold Fields Stock Performance

The stock has a 50 day moving average of $20.23 and a two-hundred day moving average of $17.01. The firm has a market capitalization of $21.03 billion, a P/E ratio of 10.00, a P/E/G ratio of 0.30 and a beta of 0.92.

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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 paid a $0.3752 dividend. This represents a dividend yield of 1.6%. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date was Friday, March 14th. Gold Fields's payout ratio is presently 25.96%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC grew its position in shares of Gold Fields by 0.5% in the fourth quarter. HighTower Advisors LLC now owns 105,174 shares of the company's stock valued at $1,388,000 after purchasing an additional 573 shares during the last quarter. Rhumbline Advisers boosted its stake in Gold Fields by 4.3% during the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after purchasing an additional 720 shares during the period. Parallel Advisors LLC grew its holdings in Gold Fields by 24.1% in the 1st quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock valued at $148,000 after buying an additional 1,298 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its position in 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 buying an additional 1,583 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of 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 buying an additional 1,656 shares during the last quarter. 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.