Gold Fields (NYSE:GFI) Trading Up 11.2% – Time to Buy?

Gold Fields Limited (NYSE:GFI) shares were up 11.2% during mid-day trading on Wednesday . The company traded as high as $45.89 and last traded at $46.4320. Approximately 923,508 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 3,370,582 shares. The stock had previously closed at $41.75.

Analyst Ratings Changes

A number of analysts have issued reports on GFI shares. Scotiabank lowered their target price on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, March 20th. JPMorgan Chase & Co. raised their target price on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. Finally, Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $40.25 to $57.25 in a report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.75.

Gold Fields Stock Performance

The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. The company’s fifty day simple moving average is $47.18 and its 200-day simple moving average is $46.38.

Gold Fields Announces Dividend

The firm also recently declared a special dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 13th were issued a $1.4419 dividend. This represents a yield of 633.0%. The ex-dividend date of this dividend was Friday, March 13th.

Institutional Investors Weigh In On Gold Fields

Several institutional investors and hedge funds have recently bought and sold shares of GFI. Van ECK Associates Corp boosted its stake in Gold Fields by 3.4% in the 4th quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock valued at $1,549,227,000 after buying an additional 1,180,634 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Gold Fields by 39.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after acquiring an additional 1,714,442 shares during the period. Goldman Sachs Group Inc. grew its position in Gold Fields by 69.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock valued at $191,407,000 after acquiring an additional 1,794,124 shares during the period. American Century Companies Inc. grew its position in Gold Fields by 24.3% in the third quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock valued at $173,584,000 after acquiring an additional 809,816 shares during the period. Finally, Man Group plc grew its position in Gold Fields by 63.7% in the fourth quarter. Man Group plc now owns 3,650,799 shares of the company’s stock valued at $159,394,000 after acquiring an additional 1,421,121 shares during the period. Institutional investors own 24.81% of the company’s stock.

Gold Fields Company Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.