Gold Fields (NYSE:GFI) Hits New 12-Month High at $18.07

Gold Fields Limited (NYSE:GFI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.07 and last traded at $17.90, with a volume of 735277 shares traded. The stock had previously closed at $17.40.

Wall Street Analyst Weigh In

GFI has been the topic of several analyst reports. BMO Capital Markets downgraded shares of Gold Fields from a "market perform" rating to an "underperform" rating and lowered their target price for the company from $14.00 to $12.00 in a report on Friday, February 2nd. StockNews.com raised shares of Gold Fields from a "hold" rating to a "buy" rating in a report on Thursday, March 28th. Finally, Scotiabank reduced their price objective on shares of Gold Fields from $15.50 to $15.00 and set a "sector perform" rating for the company in a research note on Monday, February 26th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $13.67.

Gold Fields Stock Up 3.8 %

The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. The business's 50-day simple moving average is $14.60 and its 200-day simple moving average is $13.91.

Gold Fields (NYSE:GFI - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.10. As a group, research analysts anticipate that Gold Fields Limited will post 1.15 earnings per share for the current year.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.1717 dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17.

Institutional Investors Weigh In On Gold Fields

A number of institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Gold Fields by 78.4% in the first quarter. GAMMA Investing LLC now owns 3,098 shares of the company's stock worth $49,000 after acquiring an additional 1,361 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in shares of Gold Fields in the first quarter worth $310,000. Nomura Holdings Inc. acquired a new stake in shares of Gold Fields in the fourth quarter worth $434,000. Goldman Sachs Group Inc. grew its holdings in Gold Fields by 145.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company's stock valued at $16,329,000 after purchasing an additional 669,819 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in Gold Fields by 139.9% during the 4th quarter. Virtu Financial LLC now owns 69,867 shares of the company's stock valued at $1,010,000 after purchasing an additional 40,743 shares in the last quarter. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.