Gold Fields (NYSE:GFI) Shares Gap Up - Still a Buy?

Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $21.20, but opened at $22.99. Gold Fields shares last traded at $22.78, with a volume of 1,557,321 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a research report on Thursday, April 17th. StockNews.com lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. HSBC reiterated a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a report on Thursday, April 17th. Finally, Scotiabank boosted their price objective on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $18.56.

Gold Fields Price Performance

The firm has a market cap of $20.18 billion, a P/E ratio of 9.60, a P/E/G ratio of 0.30 and a beta of 0.57. The company has a fifty day moving average of $21.84 and a 200-day moving average of $17.92.

Gold Fields Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. bought a new position in shares of Gold Fields in the first quarter valued at approximately $26,000. Banque Cantonale Vaudoise bought a new position in Gold Fields in the 1st quarter valued at $44,000. GAMMA Investing LLC grew its stake in Gold Fields by 21.0% in the 1st 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 period. Blue Trust Inc. increased its position in shares of Gold Fields by 67.1% during the 1st 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 last quarter. Finally, FCA Corp TX bought a new stake in shares of Gold Fields during the 4th quarter worth $108,000. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

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.