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

Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $22.55, but opened at $20.60. Gold Fields shares last traded at $20.53, with a volume of 1,077,904 shares traded.

Wall Street Analyst Weigh In

GFI has been the topic of a number of recent research reports. Hsbc Global Res raised Gold Fields to a "hold" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. lifted 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. StockNews.com cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. HSBC reissued a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a research note on Thursday, April 17th. Finally, Scotiabank raised their price target on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Gold Fields currently has an average rating of "Hold" and a consensus price target of $18.56.

Gold Fields Stock Up 2.4%

The stock has a market cap of $18.37 billion, a PE ratio of 8.73, a P/E/G ratio of 0.30 and a beta of 0.57. The business's fifty day moving average is $21.87 and its 200 day moving average is $17.97.

Gold Fields Increases Dividend

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

Institutional Investors Weigh In On Gold Fields

A number of institutional investors have recently bought and sold shares of the stock. Richardson Financial Services Inc. purchased a new position in Gold Fields in the first quarter valued at approximately $26,000. Banque Cantonale Vaudoise purchased a new position in Gold Fields in the 1st quarter worth approximately $44,000. SVB Wealth LLC purchased a new stake in shares of Gold Fields during the first quarter valued at approximately $48,000. GAMMA Investing LLC lifted its position in shares of Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after purchasing an additional 649 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Gold Fields by 67.1% in the first quarter. Blue Trust Inc. now owns 4,053 shares of the company's stock valued at $90,000 after purchasing an additional 1,627 shares during the period. 24.81% of the stock is currently 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.