Gold Fields (NYSE:GFI) Trading Down 5.4% - Should You Sell?

Key Points

• Gold Fields Limited's stock price fell by 5.4%, closing at $41.03, with a significant decrease in trading volume of 64%.
• Zacks Research downgraded Gold Fields from a "strong-buy" to a "hold" rating, while other analysts issued varying ratings including a "buy" with a target price of $33.00 and a "market perform" rating with a target increase to $32.00.
• The company announced a semi-annual dividend of $0.3993 per share, up from $0.38, reflecting a substantial yield of 130.0%.

Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price traded down 5.4% during mid-day trading on Thursday . The company traded as low as $41.03 and last traded at $41.03. 1,213,271 shares were traded during trading, a decline of 64% from the average session volume of 3,411,887 shares. The stock had previously closed at $43.39.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Zacks Research downgraded Gold Fields from a "strong-buy" rating to a "hold" rating in a research note on Monday. Canaccord Genuity Group initiated coverage on Gold Fields in a research note on Monday, July 28th. They issued a "buy" rating and a $33.00 target price on the stock. HSBC reiterated a "hold" rating on shares of Gold Fields in a research note on Thursday. BMO Capital Markets lifted their target price on Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, August 25th. Finally, Wall Street Zen upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 26th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Gold Fields has an average rating of "Hold" and a consensus price target of $26.63.

Gold Fields Stock Performance

The firm has a fifty day moving average price of $35.53 and a 200 day moving average price of $27.46. The firm has a market capitalization of $35.79 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 0.44 and a beta of 0.49.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 12th were issued a dividend of $0.3993 per share. 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 of this dividend was Friday, September 12th. Gold Fields's payout ratio is presently 27.23%.

Hedge Funds Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bridgewater Advisors Inc. raised its holdings in Gold Fields by 1.8% during the second quarter. Bridgewater Advisors Inc. now owns 20,375 shares of the company's stock worth $516,000 after purchasing an additional 354 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Gold Fields by 31.8% in the second quarter. Allworth Financial LP now owns 2,007 shares of the company's stock worth $48,000 after acquiring an additional 484 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Gold Fields by 6.0% in the second quarter. Signaturefd LLC now owns 9,714 shares of the company's stock worth $230,000 after acquiring an additional 546 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Gold Fields by 34.2% in the second quarter. Assetmark Inc. now owns 2,189 shares of the company's stock worth $52,000 after acquiring an additional 558 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Gold Fields by 21.0% in the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after acquiring an additional 649 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

About Gold Fields

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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