Gold Fields (NYSE:GFI) Trading Up 5.4% - Still a Buy?

Key Points

• Gold Fields Limited (NYSE:GFI) shares rose by 5.4% to $46.16, despite a significant decrease in trading volume, which was down 62% from the average.
• Wall Street analysts have mixed views on Gold Fields, with one firm upgrading it to a "strong-buy" and others downgrading to a "hold," resulting in a consensus rating of "Hold" with a target price of $27.63.
• The company recently increased its semi-annual dividend to $0.3993, reflecting a high dividend yield of 130.0%, up from the previous dividend of $0.38.

Gold Fields Limited (NYSE:GFI - Get Free Report) shares were up 5.4% during mid-day trading on Thursday . The stock traded as high as $46.38 and last traded at $46.16. Approximately 1,292,775 shares traded hands during trading, a decline of 62% from the average daily volume of 3,422,671 shares. The stock had previously closed at $43.79.

Wall Street Analyst Weigh In

Several research firms have weighed in on GFI. HSBC restated a "hold" rating on shares of Gold Fields in a report on Thursday, October 9th. Wall Street Zen upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Friday, September 26th. Canaccord Genuity Group cut Gold Fields from a "buy" rating to a "hold" rating and set a $39.00 price target for the company. in a report on Monday. Investec cut Gold Fields from a "buy" rating to a "hold" rating in a report on Friday, October 10th. Finally, BMO Capital Markets lifted their target price on Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a report on Monday, August 25th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $27.63.

Gold Fields Price Performance

The business has a fifty day moving average price of $36.64 and a two-hundred day moving average price of $28.06. The firm has a market capitalization of $41.77 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 0.33 and a beta of 0.49.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were given a $0.3993 dividend. This represents a dividend yield of 130.0%. This is a boost from Gold Fields's previous semi-annual dividend of $0.38. The ex-dividend date was Friday, September 12th. Gold Fields's dividend payout ratio (DPR) is 27.23%.

Hedge Funds Weigh In On Gold Fields

Institutional investors have recently added to or reduced their stakes in the stock. Country Trust Bank acquired a new stake in shares of Gold Fields in the second quarter valued at $26,000. Penserra Capital Management LLC acquired a new position in Gold Fields during the 2nd quarter worth $26,000. Richardson Financial Services Inc. acquired a new position in Gold Fields during the 1st quarter worth $26,000. IFP Advisors Inc grew its stake in Gold Fields by 672.1% during the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company's stock worth $37,000 after purchasing an additional 1,351 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Gold Fields during the 2nd quarter worth $47,000. Hedge funds and other institutional investors 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.

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