Gold Fields (NYSE:GFI) Shares Gap Down to $17.65

Gold Fields Limited (NYSE:GFI)’s share price gapped down prior to trading on Monday . The stock had previously closed at $17.65, but opened at $16.72. Gold Fields shares last traded at $16.88, with a volume of 1,332,603 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on GFI shares. BMO Capital Markets downgraded shares of 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. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. Scotiabank dropped their price objective on shares of Gold Fields from $15.50 to $15.00 and set a “sector perform” rating for the company in a research report on Monday, February 26th. Finally, UBS Group cut Gold Fields from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.67.

Gold Fields Stock Up 1.4 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25. The stock’s 50 day moving average is $15.35 and its two-hundred day moving average is $14.41.

Gold Fields (NYSE:GFI) last issued its earnings results on Thursday, February 22nd. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.15 by $0.10. On average, equities research analysts anticipate that Gold Fields Limited will post 1.53 earnings per share for the current fiscal year.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.1717 per share. The ex-dividend date was Thursday, March 14th. This represents a yield of 2.5%. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp grew its holdings in shares of Gold Fields by 15.1% in the 3rd quarter. Van ECK Associates Corp now owns 46,158,985 shares of the company’s stock valued at $501,287,000 after buying an additional 6,053,995 shares during the period. RWC Asset Advisors US LLC grew its position in shares of Gold Fields by 19.3% in the 4th quarter. RWC Asset Advisors US LLC now owns 12,810,699 shares of the company’s stock valued at $185,243,000 after purchasing an additional 2,070,427 shares during the period. Deutsche Bank AG grew its position in shares of Gold Fields by 3,507.0% in the 3rd quarter. Deutsche Bank AG now owns 1,272,869 shares of the company’s stock valued at $13,823,000 after purchasing an additional 1,237,580 shares during the period. Goldman Sachs Group Inc. increased its stake in Gold Fields by 145.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock worth $16,329,000 after purchasing an additional 669,819 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in Gold Fields during the 4th quarter worth approximately $7,889,000. Institutional investors own 26.02% 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.