Gold Fields (NYSE:GFI) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Gold Fields (NYSE:GFI) from a buy rating to a strong-buy rating in a report issued on Monday morning.

A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. HSBC restated a “hold” rating and issued a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Hsbc Global Res upgraded shares of Gold Fields to a “hold” rating in a research report on Thursday, April 17th. Finally, Scotiabank raised their target price on shares of Gold Fields from $20.00 to $23.00 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.56.

Gold Fields Trading Up 2.5 %

GFI opened at $22.34 on Monday. The stock has a market cap of $19.99 billion, a PE ratio of 9.51, a P/E/G ratio of 0.30 and a beta of 0.92. Gold Fields has a 1 year low of $12.98 and a 1 year high of $25.52. The stock’s 50 day simple moving average is $21.20 and its 200-day simple moving average is $17.60.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a $0.3752 dividend. The ex-dividend date was Friday, March 14th. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. Gold Fields’s dividend payout ratio (DPR) is 25.96%.

Institutional Trading of Gold Fields

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company’s stock worth $83,000 after buying an additional 649 shares during the last quarter. Blue Trust Inc. lifted its position in Gold Fields by 67.1% during the first quarter. Blue Trust Inc. now owns 4,053 shares of the company’s stock worth $90,000 after acquiring an additional 1,627 shares during the last quarter. FCA Corp TX bought a new position in shares of Gold Fields during the fourth quarter worth approximately $108,000. Net Worth Advisory Group bought a new position in shares of Gold Fields during the fourth quarter worth approximately $136,000. Finally, Signaturefd LLC increased its stake in Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after acquiring an additional 1,656 shares during the last quarter. 24.81% 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.