Gold Fields (NYSE:GFI) Shares Up 5.8% – Time to Buy?

Gold Fields Limited (NYSE:GFI)’s stock price rose 5.8% on Thursday . The company traded as high as $22.89 and last traded at $22.80. Approximately 1,072,216 shares were traded during trading, a decline of 69% from the average daily volume of 3,488,465 shares. The stock had previously closed at $21.55.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GFI. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Finally, Scotiabank increased their price target on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.20.

Gold Fields Trading Up 4.7 %

The business has a 50-day moving average price of $20.23 and a 200-day moving average price of $17.00. The firm has a market cap of $21.92 billion, a P/E ratio of 10.42, a P/E/G ratio of 0.30 and a beta of 0.92.

Gold Fields Increases Dividend

The firm also recently announced 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. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date was Friday, March 14th. This represents a yield of 1.6%. Gold Fields’s dividend payout ratio (DPR) is 25.96%.

Hedge Funds Weigh In On Gold Fields

A number of large investors have recently bought and sold shares of the business. ABC Arbitrage SA bought a new stake in shares of Gold Fields in the 4th quarter valued at about $1,641,000. Rhumbline Advisers boosted its stake in Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after acquiring an additional 720 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Gold Fields in the fourth quarter worth $362,000. Range Financial Group LLC acquired a new position in shares of Gold Fields during the fourth quarter worth $770,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Gold Fields by 8.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company’s stock valued at $21,194,000 after purchasing an additional 122,247 shares during the last quarter. Institutional investors own 24.81% 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.