Gold Fields (NYSE:GFI) Trading 3.9% Higher

Gold Fields Limited (NYSE:GFI)’s stock price shot up 3.9% during mid-day trading on Monday . The company traded as high as $14.83 and last traded at $14.77. 473,617 shares changed hands during trading, a decline of 88% from the average session volume of 3,807,039 shares. The stock had previously closed at $14.21.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GFI. BMO Capital Markets raised shares of Gold Fields from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. 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, August 26th. JPMorgan Chase & Co. dropped their price target on Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Bank of America assumed coverage on Gold Fields in a research report on Monday. They set a “buy” rating and a $16.00 price objective for the company. Finally, StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Gold Fields has an average rating of “Hold” and a consensus target price of $15.93.

Gold Fields Stock Up 2.4 %

The company has a current ratio of 1.77, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. The business’s fifty day simple moving average is $15.50 and its 200-day simple moving average is $15.73.

Gold Fields Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 13th will be paid a dividend of $0.1692 per share. This represents a yield of 2.2%. The ex-dividend date is Friday, September 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning lifted its position in Gold Fields by 15.2% in the second quarter. Creative Planning now owns 54,242 shares of the company’s stock worth $808,000 after buying an additional 7,155 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Gold Fields by 28.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock worth $38,878,000 after purchasing an additional 581,730 shares during the period. AQR Capital Management LLC grew its holdings in Gold Fields by 8.0% during the 2nd quarter. AQR Capital Management LLC now owns 49,462 shares of the company’s stock valued at $737,000 after purchasing an additional 3,673 shares during the last quarter. Marshall Wace LLP purchased a new stake in Gold Fields in the 2nd quarter worth about $1,898,000. Finally, Sei Investments Co. lifted its stake in Gold Fields by 258.0% in the second quarter. Sei Investments Co. now owns 440,848 shares of the company’s stock worth $6,569,000 after purchasing an additional 317,719 shares during the last quarter. Hedge funds and other institutional investors own 26.02% of the company’s stock.

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.