Gold Fields (NYSE:GFI) Hits New 52-Week High - Here's What Happened

Key Points

• Gold Fields Limited achieved a new 52-week high stock price of $33.95, with a last traded price of $33.48, reflecting increased trading volume of 250,177 shares.
• The company announced a semi-annual dividend of $0.3993 per share, which is up from the previous dividend of $0.38, and represents a dividend yield of 130.0%.
• Analysts have mixed ratings on Gold Fields, with three categorizing it as a "Buy" and five as a "Hold," while the average price target stands at $25.11.

Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $33.95 and last traded at $33.48, with a volume of 250177 shares changing hands. The stock had previously closed at $33.48.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Capital One Financial set a $32.00 price objective on Gold Fields in a research report on Friday, August 22nd. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Monday. BMO Capital Markets lifted their price objective on Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a research report on Monday, August 25th. Finally, Canaccord Genuity Group assumed coverage on Gold Fields in a research report on Monday, July 28th. They issued a "buy" rating and a $33.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Gold Fields currently has an average rating of "Hold" and a consensus price target of $25.11.

Gold Fields Price Performance

The company has a market capitalization of $30.40 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.36 and a beta of 0.47. The company has a 50-day moving average price of $27.17 and a 200-day moving average price of $23.76. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.89.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.3993 per share. 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 presently 26.38%.

Hedge Funds Weigh In On Gold Fields

Several institutional investors have recently modified their holdings of GFI. Bridgewater Advisors Inc. lifted its stake in Gold Fields by 1.8% in the 2nd quarter. Bridgewater Advisors Inc. now owns 20,375 shares of the company's stock valued at $516,000 after acquiring an additional 354 shares in the last quarter. Allworth Financial LP lifted its stake in Gold Fields by 31.8% in the 2nd quarter. Allworth Financial LP now owns 2,007 shares of the company's stock valued at $48,000 after acquiring an additional 484 shares in the last quarter. Signaturefd LLC lifted its stake in Gold Fields by 6.0% in the 2nd quarter. Signaturefd LLC now owns 9,714 shares of the company's stock valued at $230,000 after acquiring an additional 546 shares in the last quarter. Assetmark Inc. lifted its stake in Gold Fields by 34.2% in the 2nd quarter. Assetmark Inc. now owns 2,189 shares of the company's stock valued at $52,000 after acquiring an additional 558 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake 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 acquiring an additional 649 shares in the last quarter. Institutional investors 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.

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