Gold Fields (NYSE:GFI) Shares Gap Up to $15.15

Gold Fields Limited (NYSE:GFI)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $15.15, but opened at $15.63. Gold Fields shares last traded at $15.48, with a volume of 291,212 shares.

Analyst Ratings Changes

Several equities analysts recently commented on GFI shares. BMO Capital Markets lowered Gold Fields from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $14.00 to $12.00 in a research report on Friday, February 2nd. Scotiabank cut their target price on Gold Fields from $15.50 to $15.00 and set a “sector perform” rating on the stock in a research report on Monday, February 26th. Finally, StockNews.com lowered Gold Fields from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, Gold Fields has an average rating of “Hold” and an average target price of $13.67.

Gold Fields Price Performance

The stock has a 50-day simple moving average of $14.09 and a 200-day simple moving average of $13.67.

Gold Fields (NYSE:GFI) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.10. Equities research analysts anticipate that Gold Fields Limited will post 1.15 earnings per share for the current year.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be given a dividend of $0.1717 per share. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, March 14th.

Institutional Investors Weigh In On Gold Fields

Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in Gold Fields by 15.1% during the 3rd quarter. Van ECK Associates Corp now owns 46,158,985 shares of the company’s stock worth $501,287,000 after buying an additional 6,053,995 shares during the last quarter. Balyasny Asset Management LLC grew its stake in Gold Fields by 6,833.8% during the 3rd quarter. Balyasny Asset Management LLC now owns 3,466,882 shares of the company’s stock worth $28,047,000 after buying an additional 3,416,882 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Gold Fields by 118.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,107,356 shares of the company’s stock worth $78,960,000 after buying an additional 2,772,894 shares during the last quarter. BlackRock Inc. grew its stake in Gold Fields by 10.2% during the 1st quarter. BlackRock Inc. now owns 25,589,382 shares of the company’s stock worth $395,611,000 after buying an additional 2,368,601 shares during the last quarter. Finally, RWC Asset Advisors US LLC grew its stake in Gold Fields by 19.3% during the 4th quarter. RWC Asset Advisors US LLC now owns 12,810,699 shares of the company’s stock worth $185,243,000 after buying an additional 2,070,427 shares during the last quarter. 26.02% of the stock is owned by institutional investors and hedge funds.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.