Gold Fields (NYSE:GFI) Shares Gap Up – What’s Next?

Shares of Gold Fields Limited (NYSE:GFI) gapped up before the market opened on Tuesday . The stock had previously closed at $22.09, but opened at $22.65. Gold Fields shares last traded at $22.93, with a volume of 1,251,716 shares.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GFI. JPMorgan Chase & Co. upped 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. Scotiabank raised their price objective on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 25th. Finally, StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Sunday. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.20.

Gold Fields Trading Up 3.9 %

The business has a 50 day moving average of $19.10 and a 200-day moving average of $16.50. The stock has a market cap of $20.54 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a dividend of $0.3752 per share. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 1.6%. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s dividend payout ratio (DPR) is presently 25.96%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. FCA Corp TX purchased a new stake in shares of Gold Fields during the fourth quarter worth about $108,000. Net Worth Advisory Group acquired a new stake in Gold Fields during the fourth quarter worth approximately $136,000. Signaturefd LLC grew its stake in Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after acquiring an additional 1,656 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Gold Fields in the 4th quarter valued at $139,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Gold Fields during the 4th quarter worth $141,000. Institutional investors and hedge funds 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.