Gold Fields (NYSE:GFI) Shares Gap Down – Should You Sell?

Gold Fields Limited (NYSE:GFI)’s share price gapped down before the market opened on Monday . The stock had previously closed at $22.55, but opened at $20.60. Gold Fields shares last traded at $20.53, with a volume of 1,077,904 shares traded.

Analyst Ratings Changes

GFI has been the topic of several research reports. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 7th. Hsbc Global Res upgraded Gold Fields to a “hold” rating in a research report on Thursday, April 17th. Scotiabank increased their target price on Gold Fields from $20.00 to $23.00 and gave the company a “sector perform” rating in a report on Monday, April 14th. JPMorgan Chase & Co. increased their price objective on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Finally, HSBC reiterated a “hold” rating and issued a $21.00 price objective on shares of Gold Fields in a report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.56.

Gold Fields Stock Performance

The stock has a market cap of $17.99 billion, a P/E ratio of 8.55, a price-to-earnings-growth ratio of 0.30 and a beta of 0.57. The firm has a 50-day moving average price of $21.84 and a 200-day moving average price of $17.92.

Gold Fields Increases Dividend

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

Hedge Funds Weigh In On Gold Fields

Several institutional investors and hedge funds have recently bought and sold shares of GFI. Massachusetts Financial Services Co. MA raised its position in Gold Fields by 1.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company’s stock valued at $99,567,000 after purchasing an additional 45,171 shares during the period. Amundi boosted its position in Gold Fields by 7.3% during the 4th quarter. Amundi now owns 3,107,369 shares of the company’s stock valued at $44,684,000 after acquiring an additional 211,333 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Gold Fields by 6.4% during the 4th quarter. American Century Companies Inc. now owns 2,976,004 shares of the company’s stock valued at $39,283,000 after purchasing an additional 178,973 shares during the last quarter. RWC Asset Management LLP raised its stake in Gold Fields by 9.2% in the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company’s stock worth $35,784,000 after acquiring an additional 227,704 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Gold Fields by 21.5% during the 1st quarter. Deutsche Bank AG now owns 2,642,663 shares of the company’s stock worth $58,376,000 after purchasing an additional 467,579 shares during the period. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

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.