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

Key Points

• Gold Fields (NYSE:GFI) shares gapped up, opening at $52.77 from a $46.12 close and last trading around $49.17 on volume ~2.19M, roughly a 7.6% intraday gain.
• Analyst sentiment is mixed—four Buys, six Holds and one Sell—giving a MarketBeat consensus rating of Hold and a consensus target price of $43.88.
• The company paid a special dividend of $1.4419 (ex-dividend March 13, paid March 26), which MarketBeat reports as implying an unusually high yield of 633%.

Gold Fields Limited (NYSE:GFI - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $46.12, but opened at $52.77. Gold Fields shares last traded at $49.1710, with a volume of 2,190,030 shares.

Wall Street Analysts Forecast Growth

GFI has been the topic of several recent research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gold Fields in a report on Thursday, January 22nd. Zacks Research cut Gold Fields from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 31st. JPMorgan Chase & Co. upped their price objective on Gold Fields from $64.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, January 20th. Morgan Stanley cut Gold Fields from an "equal weight" rating to an "underweight" rating in a report on Friday, January 23rd. Finally, Scotiabank decreased their price objective on Gold Fields from $61.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, March 20th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $43.88.

Gold Fields Trading Up 7.6%

The company has a fifty day moving average of $50.36 and a two-hundred day moving average of $45.80.

Gold Fields Dividend Announcement

The firm also recently announced a special dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 13th were paid a $1.4419 dividend. The ex-dividend date was Friday, March 13th. This represents a yield of 633.0%.

Institutional Trading of Gold Fields

Hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC increased its stake in Gold Fields by 47.1% in the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company's stock worth $36,000 after purchasing an additional 273 shares during the period. Archer Investment Corp purchased a new stake in Gold Fields in the third quarter worth $42,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Gold Fields in the third quarter worth $45,000. Bayforest Capital Ltd increased its stake in Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company's stock worth $47,000 after purchasing an additional 996 shares during the period. Finally, Arax Advisory Partners increased its stake in Gold Fields by 352.6% in the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company's stock worth $50,000 after purchasing an additional 885 shares during the period. Hedge funds and other institutional investors own 24.81% of the company's stock.

About Gold Fields

Gold Fields NYSE: GFI is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company's core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.

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