Gold Fields (NYSE:GFI) Hits New 1-Year High – What’s Next?

Gold Fields Limited (NYSE:GFI)’s stock price reached a new 52-week high on Thursday . The company traded as high as $25.52 and last traded at $24.71, with a volume of 4485174 shares. The stock had previously closed at $23.87.

Analyst Ratings Changes

GFI has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Friday. HSBC reaffirmed a “hold” rating and issued a $21.00 price objective on shares of Gold Fields in a report on Thursday. Finally, Scotiabank lifted 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 report on Monday, April 14th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.56.

Gold Fields Trading Down 2.6 %

The company has a market cap of $21.52 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 0.30 and a beta of 0.92. The stock’s fifty day simple moving average is $20.75 and its 200 day simple moving average is $17.28.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid 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 Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GFI. Amundi increased its position in shares of Gold Fields by 7.3% during the 4th quarter. Amundi now owns 3,107,369 shares of the company’s stock worth $44,684,000 after purchasing an additional 211,333 shares during the last quarter. American Century Companies Inc. grew its stake in Gold Fields by 6.4% during the 4th quarter. American Century Companies Inc. now owns 2,976,004 shares of the company’s stock worth $39,283,000 after purchasing an additional 178,973 shares in the last quarter. RWC Asset Management LLP increased its holdings in Gold Fields by 9.2% during the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company’s stock worth $35,784,000 after purchasing an additional 227,704 shares during the period. DJE Kapital AG acquired a new stake in Gold Fields in the 4th quarter valued at about $33,486,000. Finally, Schroder Investment Management Group raised its position in Gold Fields by 11.3% in the 4th quarter. Schroder Investment Management Group now owns 2,164,906 shares of the company’s stock valued at $28,490,000 after purchasing an additional 219,254 shares in the last quarter. Institutional investors and hedge funds own 24.81% 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, 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.