Gold Fields (NYSE:GFI) Shares Gap Up to $15.89

Gold Fields Limited (NYSE:GFI - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $15.89, but opened at $16.50. Gold Fields shares last traded at $15.96, with a volume of 821,428 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on GFI shares. Scotiabank cut 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 report on Monday, February 26th. StockNews.com raised shares of Gold Fields from a "hold" rating to a "buy" rating in a report on Thursday. Finally, BMO Capital Markets downgraded shares of Gold Fields from a "market perform" rating to an "underperform" rating and cut their price target for the company from $14.00 to $12.00 in a report on Friday, February 2nd. 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, Gold Fields presently has an average rating of "Hold" and an average price target of $13.67.

Gold Fields Stock Up 0.4 %

The company's fifty day simple moving average is $14.29 and its 200 day simple moving average is $13.75.

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 the consensus estimate of $0.15 by $0.10. On average, equities research analysts anticipate that Gold Fields Limited will post 1.15 earnings per share for the current year.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders 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 dividend yield of 2.5%. This is a boost from Gold Fields's previous semi-annual dividend of $0.17.

Institutional Trading of Gold Fields

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Confluence Investment Management LLC purchased a new stake in shares of Gold Fields during the 1st quarter valued at $310,000. Nomura Holdings Inc. purchased a new position in Gold Fields in the 4th quarter worth $434,000. Goldman Sachs Group Inc. raised its position in Gold Fields by 145.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company's stock worth $16,329,000 after purchasing an additional 669,819 shares during the period. Virtu Financial LLC raised its position in Gold Fields by 139.9% in the 4th quarter. Virtu Financial LLC now owns 69,867 shares of the company's stock worth $1,010,000 after purchasing an additional 40,743 shares during the period. Finally, Sierra Summit Advisors LLC purchased a new position in Gold Fields in the 4th quarter worth $313,000. Hedge funds and other institutional investors own 26.02% of the company's stock.

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.