Gold Fields (NYSE:GFI) Shares Up 6.4% - Should You Buy?

Key Points

• Gold Fields Limited's shares increased by 6.4%, closing at $40.30 after previously trading at $37.87.
• The company has declared a semi-annual dividend of $0.3993 per share, representing a yield of 130.0%, which is an increase from the previous dividend of $0.38.
• Analyst ratings for Gold Fields are mixed, with two analysts rating it as a Buy, while five have assigned a Hold rating, with an average target price of $26.63.

Gold Fields Limited (NYSE:GFI - Get Free Report) shares shot up 6.4% during trading on Friday . The company traded as high as $40.33 and last traded at $40.30. 2,303,952 shares were traded during mid-day trading, a decline of 32% from the average session volume of 3,409,281 shares. The stock had previously closed at $37.87.

Analyst Ratings Changes

A number of research firms recently commented on GFI. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Monday, September 1st. Capital One Financial set a $32.00 price objective on Gold Fields in a report on Friday, August 22nd. BMO Capital Markets upped their price objective on Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a report on Monday, August 25th. Finally, Canaccord Genuity Group began coverage on Gold Fields in a report on Monday, July 28th. They issued a "buy" rating and a $33.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Gold Fields has a consensus rating of "Hold" and a consensus target price of $26.63.

Gold Fields Stock Up 9.4%

The company has a quick ratio of 0.73, a current ratio of 1.89 and a debt-to-equity ratio of 0.40. The stock has a market cap of $37.07 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 0.42 and a beta of 0.47. The firm has a fifty day moving average of $30.79 and a 200 day moving average of $25.52.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 12th will be paid a $0.3993 dividend. This is a boost from Gold Fields's previous semi-annual dividend of $0.38. This represents a yield of 130.0%. The ex-dividend date is Friday, September 12th. Gold Fields's payout ratio is currently 27.23%.

Hedge Funds Weigh In On Gold Fields

Several large investors have recently bought and sold shares of GFI. Richardson Financial Services Inc. acquired a new position in Gold Fields in the first quarter valued at $26,000. Penserra Capital Management LLC acquired a new position in Gold Fields in the second quarter valued at $26,000. Country Trust Bank acquired a new position in Gold Fields in the second quarter valued at $26,000. IFP Advisors Inc boosted its stake in shares of Gold Fields by 672.1% during the second quarter. IFP Advisors Inc now owns 1,552 shares of the company's stock worth $37,000 after buying an additional 1,351 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Gold Fields during the first quarter worth about $44,000. Institutional investors and hedge funds own 24.81% of the company's stock.

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.