Gold Fields (NYSE:GFI) Reaches New 12-Month High – What’s Next?

Gold Fields Limited (NYSE:GFI)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $22.80 and last traded at $22.64, with a volume of 2029527 shares changing hands. The stock had previously closed at $20.96.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Scotiabank upped their price target on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 25th. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Finally, JPMorgan Chase & Co. lifted their price target on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Gold Fields currently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

Gold Fields Trading Up 4.6 %

The company has a market capitalization of $19.62 billion, a P/E ratio of 9.33, a PEG ratio of 0.30 and a beta of 1.14. The stock has a 50 day moving average price of $18.97 and a 200 day moving average price of $16.42.

Gold Fields Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GFI. DJE Kapital AG acquired a new stake in Gold Fields during the 4th quarter worth approximately $33,486,000. Marshall Wace LLP lifted its holdings in shares of Gold Fields by 1,594.7% during the fourth quarter. Marshall Wace LLP now owns 2,114,631 shares of the company’s stock worth $27,913,000 after purchasing an additional 1,989,849 shares during the period. Man Group plc grew its stake in shares of Gold Fields by 119.9% in the fourth quarter. Man Group plc now owns 1,417,329 shares of the company’s stock worth $18,709,000 after purchasing an additional 772,928 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Gold Fields in the fourth quarter valued at $9,033,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Gold Fields during the 3rd quarter worth $9,911,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

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.