Gold Fields (NYSE:GFI) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Gold Fields (NYSE:GFI) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning.

A number of other research firms have also commented on GFI. Scotiabank lifted their price target on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their target price on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

Gold Fields Stock Performance

GFI opened at $20.13 on Friday. The company has a market cap of $18.02 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The stock has a 50-day moving average of $17.67 and a 200-day moving average of $15.91. Gold Fields has a 52-week low of $12.98 and a 52-week high of $20.83.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a $0.3752 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. This represents a yield of 1.6%. Gold Fields’s dividend payout ratio is 25.53%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GFI. ABC Arbitrage SA bought a new position in Gold Fields during the fourth quarter valued at about $1,641,000. Bank of Montreal Can grew its holdings in shares of Gold Fields by 36.9% during the 3rd quarter. Bank of Montreal Can now owns 263,575 shares of the company’s stock worth $4,280,000 after purchasing an additional 71,094 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Gold Fields by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after purchasing an additional 580,546 shares during the period. Rhumbline Advisers raised its stake in shares of 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 purchasing an additional 720 shares in the last quarter. Finally, Range Financial Group LLC bought a new position in Gold Fields in the fourth quarter worth $770,000. Institutional investors own 24.81% 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.