Gold Fields (NYSE:GFI) Shares Up 11.2% - Should You Buy?

Key Points

• Shares jumped 11.2%, trading up to about $46.43 on Wednesday with 923,508 shares changing hands—volume down ~73% versus the average session.
• Analyst sentiment is mixed: MarketBeat shows a consensus rating of "Hold" with an average price target of $49.75 after several recent upgrades and downgrades.
• Gold Fields paid a special dividend of $1.4419 on March 26, reported as a 633.0% yield in the release.

Gold Fields Limited (NYSE:GFI - Get Free Report)'s share price shot up 11.2% during trading on Wednesday . The company traded as high as $45.89 and last traded at $46.4320. 923,508 shares traded hands during trading, a decline of 73% from the average session volume of 3,370,582 shares. The stock had previously closed at $41.75.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GFI. Scotiabank lowered their price target on Gold Fields from $61.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, March 20th. Weiss Ratings reissued a "buy (b)" rating on shares of Gold Fields in a report on Thursday, January 22nd. Zacks Research cut Gold Fields from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 29th. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Monday, April 27th. Finally, Morgan Stanley cut Gold Fields from an "equal weight" rating to an "underweight" rating in a report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $49.75.

Gold Fields Stock Up 10.5%

The business has a fifty day simple moving average of $47.63 and a 200-day simple moving average of $46.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33.

Gold Fields Dividend Announcement

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

Hedge Funds Weigh In On Gold Fields

A number of institutional investors and hedge funds have recently bought and sold shares of GFI. V Square Quantitative Management LLC acquired a new position in Gold Fields in the 1st quarter worth about $25,000. CIBC Private Wealth Group LLC grew its position in shares of Gold Fields by 47.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company's stock valued at $36,000 after buying an additional 273 shares during the last quarter. Archer Investment Corp bought a new stake in shares of Gold Fields in the 3rd quarter valued at about $42,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Gold Fields in the 3rd quarter valued at about $45,000. Finally, Bayforest Capital Ltd grew its position in shares of Gold Fields by 1,106.7% in the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company's stock valued at $47,000 after buying an additional 996 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Company Profile

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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