Gold Fields (NYSE:GFI) Upgraded at StockNews.com

StockNews.com upgraded shares of Gold Fields (NYSE:GFI - Free Report) from a buy rating to a strong-buy rating in a research note released on Monday morning.

Several other analysts also recently weighed in on the stock. HSBC reiterated a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. JPMorgan Chase & Co. boosted their price objective on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Scotiabank lifted their target price 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. Finally, Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Gold Fields presently has a consensus rating of "Moderate Buy" and an average target price of $18.56.

Gold Fields Trading Down 0.7 %

NYSE GFI traded down $0.14 during trading hours on Monday, reaching $21.18. The company had a trading volume of 3,816,537 shares, compared to its average volume of 3,709,922. The stock has a market capitalization of $18.96 billion, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 0.30 and a beta of 0.92. The stock has a 50-day moving average of $21.42 and a 200 day moving average of $17.74. Gold Fields has a 1-year low of $12.98 and a 1-year high of $25.52.

Gold Fields Increases Dividend

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

Institutional Investors Weigh In On Gold Fields

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of Gold Fields by 1.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock valued at $99,567,000 after purchasing an additional 45,171 shares during the last quarter. Amundi lifted its stake in Gold Fields by 7.3% in the fourth quarter. Amundi now owns 3,107,369 shares of the company's stock valued at $44,684,000 after buying an additional 211,333 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Gold Fields by 6.4% in the fourth quarter. American Century Companies Inc. now owns 2,976,004 shares of the company's stock valued at $39,283,000 after acquiring an additional 178,973 shares during the period. RWC Asset Management LLP boosted its holdings in shares of Gold Fields by 9.2% in the fourth quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock valued at $35,784,000 after acquiring an additional 227,704 shares during the period. Finally, DJE Kapital AG purchased a new position in shares of Gold Fields during the fourth quarter worth approximately $33,486,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

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.