Shares of Gold Fields Limited (NYSE:GFI - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $38.23 and last traded at $38.21, with a volume of 864713 shares trading hands. The stock had previously closed at $37.60.
Analysts Set New Price Targets
A number of brokerages have commented on GFI. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 1st. Capital One Financial set a $32.00 price target on Gold Fields in a research note on Friday, August 22nd. BMO Capital Markets raised their price objective on Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, August 25th. Finally, Canaccord Genuity Group began coverage on Gold Fields in a research note on Monday, July 28th. They set a "buy" rating and a $33.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $26.63.
Read Our Latest Stock Report on GFI
Gold Fields Price Performance
The company has a current ratio of 1.89, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $37.07 billion, a PE ratio of 17.63, a PEG ratio of 0.38 and a beta of 0.47. The company's 50 day moving average price is $30.79 and its 200-day moving average price is $25.44.
Gold Fields Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be paid a $0.3993 dividend. This is a boost from Gold Fields's previous semi-annual dividend of $0.38. The ex-dividend date is Friday, September 12th. This represents a dividend yield of 130.0%. Gold Fields's dividend payout ratio (DPR) is currently 27.23%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its stake in shares of Gold Fields by 47.9% in the first quarter. Sequoia Financial Advisors LLC now owns 15,756 shares of the company's stock worth $348,000 after acquiring an additional 5,102 shares during the last quarter. GAMMA Investing LLC raised its holdings in Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after buying an additional 649 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Gold Fields during the 1st quarter worth approximately $8,075,000. Stratos Wealth Partners LTD. bought a new stake in shares of Gold Fields in the 1st quarter valued at $624,000. Finally, Assenagon Asset Management S.A. purchased a new position in Gold Fields during the 1st quarter worth $2,914,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.
About Gold Fields
(
Get Free Report)
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.
Featured Stories
Before you consider Gold Fields, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gold Fields wasn't on the list.
While Gold Fields currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
