Gold Fields Limited (NYSE:GFI – Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 8,380,000 shares, a decrease of 8.6% from the August 31st total of 9,170,000 shares. Based on an average trading volume of 3,270,000 shares, the short-interest ratio is presently 2.6 days.
Wall Street Analyst Weigh In
GFI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Bank of America initiated coverage on Gold Fields in a research note on Monday, September 16th. They issued a “buy” rating and a $16.00 price objective for the company. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 25th. Scotiabank dropped their price objective on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. Finally, BMO Capital Markets raised Gold Fields from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $13.50 to $14.00 in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Gold Fields currently has a consensus rating of “Hold” and an average price target of $15.93.
View Our Latest Research Report on Gold Fields
Institutional Investors Weigh In On Gold Fields
Gold Fields Trading Up 6.4 %
GFI stock traded up $0.99 during midday trading on Tuesday, reaching $16.34. 3,209,534 shares of the company traded hands, compared to its average volume of 3,796,271. Gold Fields has a 52-week low of $10.31 and a 52-week high of $18.97. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.77. The business has a 50 day moving average of $15.27 and a 200-day moving average of $15.77. The firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 0.56 and a beta of 1.17.
Gold Fields Cuts Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were given a dividend of $0.1692 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 2.2%. Gold Fields’s dividend payout ratio (DPR) is presently 14.84%.
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.
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