StockNews.com upgraded shares of Gold Fields (NYSE:GFI - Free Report) from a buy rating to a strong-buy rating in a research note published on Thursday morning.
A number of other brokerages have also recently commented on GFI. Scotiabank lifted their target price on shares of Gold Fields from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. upped their target price on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Three research 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 company. According to data from MarketBeat.com, Gold Fields presently has an average rating of "Moderate Buy" and an average target price of $17.95.
Check Out Our Latest Stock Report on Gold Fields
Gold Fields Trading Up 0.8 %
Shares of NYSE GFI traded up $0.20 during trading hours on Thursday, reaching $23.89. The stock had a trading volume of 626,662 shares, compared to its average volume of 3,602,833. The firm has a market cap of $21.38 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 0.30 and a beta of 0.92. Gold Fields has a fifty-two week low of $12.98 and a fifty-two week high of $25.01. The firm has a 50-day moving average of $20.34 and a 200-day moving average of $17.06.
Gold Fields Increases Dividend
The company also recently announced 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 is an increase from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 1.6%. Gold Fields's payout ratio is presently 25.96%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in GFI. ABC Arbitrage SA purchased a new position in shares of Gold Fields during the 4th quarter worth approximately $1,641,000. Raymond James Financial Inc. purchased a new position in Gold Fields in the fourth quarter worth $362,000. Rhumbline Advisers lifted its holdings in Gold Fields by 4.3% in 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 during the period. Range Financial Group LLC purchased a new stake in shares of Gold Fields during the 4th quarter worth $770,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Gold Fields by 8.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock worth $21,194,000 after purchasing an additional 122,247 shares during the period. 24.81% of the stock is owned by hedge funds and other institutional investors.
About Gold Fields
(
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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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