Gold Fields Limited (GFI) To Go Ex-Dividend on March 14th

Gold Fields Limited (NYSE:GFI) announced a semi-annual dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.3752 per share on Thursday, March 27th. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, March 14th. This is a 121.8% increase from Gold Fields’s previous semi-annual dividend of $0.17.

Gold Fields has raised its dividend payment by an average of 2.4% annually over the last three years. Gold Fields has a dividend payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Gold Fields to earn $2.18 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 15.6%.

Gold Fields Stock Performance

Gold Fields stock traded up $0.45 during trading on Wednesday, hitting $19.47. The company’s stock had a trading volume of 2,798,268 shares, compared to its average volume of 2,982,024. The stock has a market capitalization of $17.43 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 0.30 and a beta of 1.14. Gold Fields has a 1-year low of $12.98 and a 1-year high of $19.80. The stock’s fifty day moving average is $16.62 and its 200 day moving average is $15.65.

Analysts Set New Price Targets

GFI has been the topic of a number of research analyst reports. Scotiabank lifted their price target on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, February 25th. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

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.