Gold Fields (NYSE:GFI) Reaches New 1-Year High - Here's Why

Key Points

• Gold Fields Limited's stock reached a new 52-week high of $35.49, marking a significant increase from a previous close of $34.36.
• The company recently announced a boosted semi-annual dividend of $0.3993 per share, representing a yield of 130.0%.
• There have been several recent changes in analyst ratings, with a consensus rating of "Hold" and an average price target of $25.11.

Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $35.49 and last traded at $35.48, with a volume of 354054 shares changing hands. The stock had previously closed at $34.36.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GFI. BMO Capital Markets boosted their price target on shares of Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a report on Monday, August 25th. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 1st. Canaccord Genuity Group began coverage on shares of Gold Fields in a research note on Monday, July 28th. They set a "buy" rating and a $33.00 price objective for the company. Finally, Capital One Financial set a $32.00 price objective on shares of Gold Fields in a research note on Friday, August 22nd. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $25.11.

Gold Fields Stock Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.89. The stock has a market cap of $33.68 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 0.41 and a beta of 0.47. The firm's 50 day moving average is $29.30 and its 200 day moving average is $24.74.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.3993 per share. This represents a yield of 130.0%. The ex-dividend date is Friday, September 12th. This is a positive change from Gold Fields's previous semi-annual dividend of $0.38. Gold Fields's dividend payout ratio (DPR) is currently 26.81%.

Institutional Trading of Gold Fields

Several large investors have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its holdings in shares of Gold Fields by 1,244.8% in the 2nd quarter. Osaic Holdings Inc. now owns 248,918 shares of the company's stock valued at $5,620,000 after acquiring an additional 230,408 shares during the last quarter. Headlands Technologies LLC boosted its holdings in shares of Gold Fields by 2,276.1% in the 2nd quarter. Headlands Technologies LLC now owns 17,583 shares of the company's stock valued at $416,000 after acquiring an additional 16,843 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Gold Fields by 168.1% in the 2nd quarter. Rakuten Securities Inc. now owns 4,887 shares of the company's stock valued at $116,000 after acquiring an additional 3,064 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of Gold Fields by 5.0% in the 2nd quarter. Vident Advisory LLC now owns 78,623 shares of the company's stock valued at $1,861,000 after acquiring an additional 3,758 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Gold Fields in the 2nd quarter valued at $212,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

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.