Gold Fields (NYSE:GFI) Upgraded at StockNews.com

StockNews.com upgraded shares of Gold Fields (NYSE:GFI) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday.

GFI has been the subject of several other reports. JPMorgan Chase & Co. upped their price target on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Scotiabank increased their target price on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Gold Fields presently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

Gold Fields Price Performance

Shares of GFI opened at $22.75 on Friday. Gold Fields has a 1 year low of $12.98 and a 1 year high of $23.02. The stock has a 50 day simple moving average of $19.24 and a two-hundred day simple moving average of $16.56. The firm has a market cap of $20.36 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a dividend of $0.3752 per share. The ex-dividend date was Friday, March 14th. This represents a yield of 1.6%. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s dividend payout ratio (DPR) is currently 25.96%.

Institutional Trading of Gold Fields

Hedge funds and other institutional investors have recently modified their holdings of the business. FCA Corp TX purchased a new position in Gold Fields during the 4th quarter valued at about $108,000. Net Worth Advisory Group bought a new position in shares of Gold Fields during the fourth quarter valued at approximately $136,000. Signaturefd LLC lifted its holdings in shares of Gold Fields by 19.1% during the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after purchasing an additional 1,656 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Gold Fields in the 4th quarter worth approximately $139,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Gold Fields in the 4th quarter worth approximately $141,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

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.