Gold Fields (NYSE:GFI) Cut to Neutral at UBS Group

UBS Group downgraded shares of Gold Fields (NYSE:GFI - Free Report) from a buy rating to a neutral rating in a report released on Wednesday morning, MarketBeat Ratings reports.

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

Gold Fields Stock Performance

Shares of Gold Fields stock traded down $0.77 during trading hours on Wednesday, hitting $17.29. The company's stock had a trading volume of 7,098,499 shares, compared to its average volume of 4,578,346. The business has a 50 day moving average price of $14.67 and a two-hundred day moving average price of $13.95. Gold Fields has a 12-month low of $10.31 and a 12-month high of $18.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 0.70.

Gold Fields (NYSE:GFI - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.15 by $0.10. As a group, equities analysts forecast that Gold Fields will post 1.15 EPS for the current fiscal year.

Gold Fields Increases Dividend

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

Institutional Investors Weigh In On Gold Fields

Several large investors have recently added to or reduced their stakes in GFI. Envestnet Asset Management Inc. increased its stake in Gold Fields by 80.1% during the first quarter. Envestnet Asset Management Inc. now owns 18,241 shares of the company's stock worth $282,000 after acquiring an additional 8,114 shares during the last quarter. Raymond James & Associates increased its stake in Gold Fields by 198.5% during the first quarter. Raymond James & Associates now owns 37,570 shares of the company's stock worth $581,000 after acquiring an additional 24,985 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Gold Fields during the first quarter valued at approximately $200,000. Private Advisor Group LLC bought a new position in shares of Gold Fields during the first quarter valued at approximately $193,000. Finally, Natixis Advisors L.P. bought a new position in shares of Gold Fields during the first quarter valued at approximately $419,000. 26.02% of the stock is owned by institutional investors.

Gold Fields Company Profile

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.