Gold Fields (NYSE:GFI) Shares Gap Down - What's Next?

Gold Fields Limited (NYSE:GFI - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $23.09, but opened at $21.87. Gold Fields shares last traded at $22.12, with a volume of 602,568 shares.

Analyst Ratings Changes

GFI has been the topic of a number of recent research reports. Scotiabank raised their price objective on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a research note on Thursday, April 17th. HSBC restated a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a research note on Thursday, April 17th. Finally, Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $18.56.

Gold Fields Stock Performance

The company has a market cap of $20.58 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 0.30 and a beta of 0.57. The company has a fifty day moving average of $22.18 and a two-hundred day moving average of $18.47.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a dividend of $0.3752 per share. The ex-dividend date was Friday, March 14th. This represents a yield of 1.6%. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's payout ratio is currently 25.96%.

Institutional Investors Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in Gold Fields by 1.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock worth $99,567,000 after acquiring an additional 45,171 shares during the last quarter. Amundi lifted its holdings in Gold Fields by 17.8% during the 1st quarter. Amundi now owns 3,661,529 shares of the company's stock worth $82,934,000 after buying an additional 554,160 shares during the period. American Century Companies Inc. lifted its holdings in Gold Fields by 6.0% during the 1st quarter. American Century Companies Inc. now owns 3,154,846 shares of the company's stock worth $69,691,000 after buying an additional 178,842 shares during the period. RWC Asset Management LLP lifted its holdings in Gold Fields by 9.2% during the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock worth $35,784,000 after buying an additional 227,704 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Gold Fields by 21.5% during the 1st quarter. Deutsche Bank AG now owns 2,642,663 shares of the company's stock worth $58,376,000 after buying an additional 467,579 shares during the period. Institutional investors own 24.81% of the company's stock.

About Gold Fields

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.