Gold Fields (NYSE:GFI) Shares Gap Down to $17.65

Gold Fields Limited (NYSE:GFI - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $17.65, but opened at $16.72. Gold Fields shares last traded at $16.88, with a volume of 1,332,603 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GFI shares. Scotiabank dropped their price objective on Gold Fields from $15.50 to $15.00 and set a "sector perform" rating on the stock in a research note on Monday, February 26th. StockNews.com upgraded Gold Fields from a "hold" rating to a "buy" rating in a research note on Thursday, March 28th. BMO Capital Markets lowered Gold Fields from a "market perform" rating to an "underperform" rating and dropped their price objective for the company from $14.00 to $12.00 in a research note on Friday, February 2nd. Finally, UBS Group lowered Gold Fields from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 10th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $13.67.

Gold Fields Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25. The stock has a 50 day moving average price of $15.27 and a two-hundred day moving average price of $14.37.

Gold Fields (NYSE:GFI - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.10. Equities research analysts predict that Gold Fields Limited will post 1.53 earnings per share for the current year.

Gold Fields Increases Dividend

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

Institutional Investors Weigh In On Gold Fields

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new stake in Gold Fields during the fourth quarter worth approximately $26,000. Tower Research Capital LLC TRC grew its position in Gold Fields by 133.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,673 shares of the company's stock worth $68,000 after buying an additional 2,668 shares in the last quarter. Parallel Advisors LLC grew its position in Gold Fields by 51.7% during the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company's stock worth $71,000 after buying an additional 1,662 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Gold Fields during the third quarter worth approximately $100,000. Finally, QRG Capital Management Inc. acquired a new stake in Gold Fields during the third quarter worth approximately $116,000. Institutional investors and hedge funds own 26.02% 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.