Gold Fields (NYSE:GFI) Shares Gap Down – Time to Sell?

Gold Fields Limited (NYSE:GFI)’s share price gapped down prior to trading on Monday . The stock had previously closed at $24.56, but opened at $23.39. Gold Fields shares last traded at $23.53, with a volume of 1,483,389 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted 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, Scotiabank lifted their price target on shares of Gold Fields from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.95.

Gold Fields Price Performance

The firm has a 50-day moving average of $20.23 and a 200-day moving average of $17.01. The stock has a market cap of $21.04 billion, a PE ratio of 10.00, a PEG ratio of 0.30 and a beta of 0.92.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a dividend of $0.3752 per share. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. This represents a yield of 1.6%. The ex-dividend date was Friday, March 14th. Gold Fields’s dividend payout ratio is currently 25.96%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GFI. FCA Corp TX acquired a new position in Gold Fields during the fourth quarter valued at $108,000. Net Worth Advisory Group purchased a new position in Gold Fields in the fourth quarter valued at $136,000. Signaturefd LLC grew its holdings in Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after purchasing an additional 1,656 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Gold Fields during the 4th quarter worth approximately $139,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Gold Fields in the 4th quarter valued at $141,000. 24.81% 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, 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.