Gold Fields (NYSE:GFI) Shares Gap Up to $15.35

Gold Fields Limited (NYSE:GFI) shares gapped up prior to trading on Tuesday . The stock had previously closed at $15.35, but opened at $15.82. Gold Fields shares last traded at $16.17, with a volume of 688,073 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GFI shares. Scotiabank cut their price objective on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 25th. BMO Capital Markets raised Gold Fields from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. Bank of America began coverage on Gold Fields in a report on Monday, September 16th. They set a “buy” rating and a $16.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their price target on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.93.

Gold Fields Price Performance

The company has a fifty day simple moving average of $15.27 and a two-hundred day simple moving average of $15.77. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.56 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.77.

Gold Fields Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were paid a $0.1692 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 13th. Gold Fields’s dividend payout ratio (DPR) is presently 14.84%.

Institutional Trading of Gold Fields

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Gold Fields by 78.4% during the 1st quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock worth $49,000 after buying an additional 1,361 shares in the last quarter. Parallel Advisors LLC boosted its stake in Gold Fields by 51.7% in the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock valued at $71,000 after buying an additional 1,662 shares in the last quarter. LGT Fund Management Co Ltd. bought a new position in Gold Fields in the second quarter valued at about $149,000. Concurrent Investment Advisors LLC acquired a new position in Gold Fields during the second quarter worth about $153,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Gold Fields by 10.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after acquiring an additional 1,090 shares during the last quarter. Institutional investors own 26.02% 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.