Gold Fields (NYSE:GFI) Shares Gap Down - Here's What Happened

Gold Fields Limited (NYSE:GFI - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $24.56, but opened at $23.39. Gold Fields shares last traded at $23.53, with a volume of 1,483,389 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Scotiabank lifted 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, April 14th. HSBC reaffirmed a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a research report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. Finally, StockNews.com downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $18.56.

Gold Fields Stock Performance

The company has a market capitalization of $21.52 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.30 and a beta of 0.92. The business's 50 day moving average is $20.75 and its 200 day moving average is $17.28.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a dividend of $0.3752 per share. This is an increase from Gold Fields's previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, March 14th. Gold Fields's payout ratio is presently 25.96%.

Hedge Funds Weigh In On Gold Fields

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after purchasing an additional 649 shares during the period. Parallel Advisors LLC boosted its position in Gold Fields by 24.1% in the 1st quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock worth $148,000 after purchasing an additional 1,298 shares in the last quarter. FCA Corp TX purchased a new stake in Gold Fields during the fourth quarter worth $108,000. Janney Montgomery Scott LLC acquired a new stake in shares of Gold Fields in the 1st quarter worth $203,000. Finally, Net Worth Advisory Group acquired a new position in Gold Fields in the 4th quarter valued at about $136,000. Hedge funds and other 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.