Gold Fields (NYSE:GFI) Shares Gap Down to $17.89

Shares of Gold Fields Limited (NYSE:GFI) gapped down before the market opened on Tuesday . The stock had previously closed at $17.89, but opened at $16.87. Gold Fields shares last traded at $16.80, with a volume of 867,909 shares.

Wall Street Analysts Forecast Growth

GFI has been the topic of a number of research reports. StockNews.com upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. UBS Group lowered shares of Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. BMO Capital Markets lowered shares of 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 research report on Friday, February 2nd. Finally, Scotiabank cut their price objective on shares of 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 investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.67.

Gold Fields Price Performance

The company’s fifty day moving average is $15.67 and its two-hundred day moving average is $14.55. The firm has a market capitalization of $14.76 billion, a price-to-earnings ratio of 10.02 and a beta of 1.13. The company has a quick ratio of 0.70, a current ratio of 1.25 and a debt-to-equity ratio of 0.22.

Gold Fields (NYSE:GFI) last posted its earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.10. Equities research analysts anticipate that Gold Fields Limited will post 1.53 earnings per share for the current fiscal year.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.1717 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. This represents a yield of 2.5%. Gold Fields’s dividend payout ratio (DPR) is 21.21%.

Institutional Investors Weigh In On Gold Fields

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of Gold Fields during the fourth quarter worth $26,000. Tower Research Capital LLC TRC grew its holdings in shares of Gold Fields by 133.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,673 shares of the company’s stock valued at $68,000 after purchasing an additional 2,668 shares during the last quarter. Parallel Advisors LLC grew its holdings in Gold Fields by 51.7% during the 4th quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock worth $71,000 after acquiring an additional 1,662 shares during the last quarter. Headlands Technologies LLC bought a new stake in Gold Fields during the 3rd quarter worth approximately $100,000. Finally, QRG Capital Management Inc. bought a new stake in Gold Fields during the 3rd quarter worth approximately $116,000. 26.02% of the stock is currently owned by institutional investors and hedge funds.

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.