Gold Fields (NYSE:GFI) Upgraded 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 released on Sunday.

A number of other equities research analysts have also weighed in on the stock. 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 report on Wednesday, January 15th. Scotiabank boosted their price objective on Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Gold Fields has an average rating of “Moderate Buy” and an average price target of $17.20.

Gold Fields Price Performance

Shares of Gold Fields stock opened at $22.75 on Friday. The business has a 50-day simple moving average of $19.24 and a 200 day simple moving average of $16.56. Gold Fields has a one year low of $12.98 and a one year high of $23.02. The firm has a market capitalization of $20.36 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were issued a dividend of $0.3752 per share. The ex-dividend date of this dividend was 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 25.96%.

Institutional Trading of Gold Fields

A number of hedge funds and other institutional investors have recently made changes to their positions in GFI. Wellington Management Group LLP purchased a new stake in shares of Gold Fields in the fourth quarter worth about $2,886,000. Fairtree Asset Management Pty Ltd bought a new stake in Gold Fields during the 4th quarter worth approximately $911,000. PKO Investment Management Joint Stock Co purchased a new stake in Gold Fields in the 4th quarter worth approximately $5,346,000. Integrated Advisors Network LLC bought a new position in Gold Fields in the 4th quarter valued at $331,000. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of Gold Fields during the 4th quarter valued at $570,000. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Company Profile

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.