Gold Fields Limited (NYSE:GFI) Announces $0.17 Semi-annual Dividend

Gold Fields Limited (NYSE:GFI) declared a semi-annual dividend on Monday, August 26th, Wall Street Journal reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.1692 per share on Thursday, September 26th. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, September 13th.

Gold Fields has raised its dividend payment by an average of 38.3% annually over the last three years. Gold Fields has a dividend payout ratio of 22.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Gold Fields to earn $2.56 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 17.2%.

Gold Fields Stock Down 1.9 %

GFI stock traded down $0.27 during trading on Wednesday, hitting $14.07. 1,471,172 shares of the company’s stock were exchanged, compared to its average volume of 3,889,269. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 7.06 and a beta of 1.16. Gold Fields has a 52-week low of $10.31 and a 52-week high of $18.97. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $15.82 and a two-hundred day moving average price of $15.68.

Analyst Upgrades and Downgrades

GFI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. BMO Capital Markets raised shares of Gold Fields from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Finally, Scotiabank decreased their target price on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Gold Fields presently has an average rating of “Hold” and a consensus price target of $15.90.

About Gold Fields

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.