Gold Fields (NYSE:GFI) Shares Gap Down – What’s Next?

Gold Fields Limited (NYSE:GFI) gapped down prior to trading on Monday . The stock had previously closed at $21.61, but opened at $21.00. Gold Fields shares last traded at $20.88, with a volume of 547,819 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday. Scotiabank raised their target price on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 25th. Finally, 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 report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.20.

Gold Fields Price Performance

The business’s fifty day simple moving average is $18.61 and its two-hundred day simple moving average is $16.28. The company has a market cap of $18.50 billion, a PE ratio of 8.80, a PEG ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be issued a $0.3752 dividend. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 1.6%. Gold Fields’s dividend payout ratio is presently 25.96%.

Institutional Trading of Gold Fields

A number of institutional investors and hedge funds have recently made changes to their positions in GFI. FCA Corp TX purchased a new stake in Gold Fields in the 4th quarter worth $108,000. Net Worth Advisory Group acquired a new position in shares of Gold Fields during the 4th quarter worth about $136,000. Signaturefd LLC lifted its stake in Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after buying an additional 1,656 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Gold Fields in the 4th quarter worth about $139,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Gold Fields during the 4th quarter worth approximately $141,000. 24.81% of the stock is currently 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.