Gold Fields Limited (NYSE:GFI - Get Free Report) shares shot up 4.5% during trading on Friday . The stock traded as high as $23.11 and last traded at $23.03. 1,325,033 shares were traded during mid-day trading, a decline of 64% from the average session volume of 3,668,894 shares. The stock had previously closed at $22.04.
Analyst Ratings Changes
Several equities research analysts recently weighed in on GFI shares. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a report on Thursday, April 17th. Scotiabank boosted their price objective on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. HSBC restated a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. Finally, Wall Street Zen upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.56.
Check Out Our Latest Stock Analysis on GFI
Gold Fields Price Performance
The company has a 50 day moving average price of $22.06 and a 200-day moving average price of $18.29. The stock has a market capitalization of $19.83 billion, a PE ratio of 9.43, a PEG ratio of 0.30 and a beta of 0.57.
Gold Fields Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a dividend of $0.3752 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 1.6%. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's payout ratio is currently 25.96%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in GFI. Richardson Financial Services Inc. bought a new stake in shares of Gold Fields during the first quarter valued at approximately $26,000. Banque Cantonale Vaudoise purchased a new position in Gold Fields during the 1st quarter valued at about $44,000. SVB Wealth LLC purchased a new position in shares of Gold Fields during the first quarter valued at approximately $48,000. NewEdge Advisors LLC raised its stake in Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company's stock valued at $50,000 after buying an additional 2,152 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after purchasing an additional 649 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.
Gold Fields Company Profile
(
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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.
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