Gold Fields Limited (NYSE:GFI - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as $23.73 and last traded at $23.47, with a volume of 6623372 shares trading hands. The stock had previously closed at $21.55.
Analysts Set New Price Targets
GFI has been the subject of a number of analyst reports. Scotiabank upped their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday. JPMorgan Chase & Co. upped their target price on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research note on Wednesday, January 15th. Finally, StockNews.com raised Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Gold Fields presently has an average rating of "Moderate Buy" and an average price target of $17.95.
Get Our Latest Stock Report on GFI
Gold Fields Price Performance
The firm's fifty day moving average price is $20.45 and its two-hundred day moving average price is $17.11. The stock has a market cap of $22.26 billion, a P/E ratio of 10.58, a PEG ratio of 0.30 and a beta of 0.92.
Gold Fields Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were issued a dividend of $0.3752 per share. This represents a yield of 1.6%. This is a boost 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 is presently 25.96%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of GFI. GAMMA Investing LLC increased its stake in Gold Fields by 21.0% in the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after purchasing an additional 649 shares during the last quarter. FCA Corp TX bought a new position in shares of Gold Fields during the 4th quarter worth approximately $108,000. Net Worth Advisory Group bought a new position in shares of Gold Fields in the 4th quarter valued at about $136,000. Signaturefd LLC grew its stake in Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company's stock valued at $136,000 after purchasing an additional 1,656 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Gold Fields in the 4th quarter valued at $139,000. Hedge funds and other institutional investors own 24.81% of the company's stock.
Gold Fields Company Profile
(
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.
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