Gold Fields (NYSE:GFI) Reaches New 1-Year High – What’s Next?

Gold Fields Limited (NYSE:GFI)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $35.49 and last traded at $35.48, with a volume of 354054 shares traded. The stock had previously closed at $34.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group assumed coverage on shares of Gold Fields in a report on Monday, July 28th. They issued a “buy” rating and a $33.00 price target on the stock. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, September 1st. BMO Capital Markets lifted their target price on shares of Gold Fields from $24.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. Finally, Capital One Financial set a $32.00 target price on shares of Gold Fields in a research note on Friday, August 22nd. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Gold Fields presently has a consensus rating of “Hold” and a consensus price target of $25.11.

Gold Fields Price Performance

The business’s 50 day moving average price is $28.50 and its two-hundred day moving average price is $24.39. The stock has a market cap of $32.03 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 0.38 and a beta of 0.47. The company has a current ratio of 1.89, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 12th will be given a dividend of $0.3993 per share. This is an increase from Gold Fields’s previous semi-annual dividend of $0.38. The ex-dividend date of this dividend is Friday, September 12th. This represents a yield of 130.0%. Gold Fields’s dividend payout ratio is 26.81%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GFI. Northern Trust Corp lifted its position in Gold Fields by 258.4% during the 4th quarter. Northern Trust Corp now owns 400,680 shares of the company’s stock valued at $5,289,000 after acquiring an additional 288,887 shares during the period. Ameriprise Financial Inc. raised its holdings in Gold Fields by 11.0% in the fourth quarter. Ameriprise Financial Inc. now owns 21,349 shares of the company’s stock worth $282,000 after buying an additional 2,111 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Gold Fields by 76.7% in the fourth quarter. BNP Paribas Financial Markets now owns 91,407 shares of the company’s stock worth $1,207,000 after buying an additional 39,669 shares during the last quarter. Bank of America Corp DE raised its holdings in Gold Fields by 18.1% in the fourth quarter. Bank of America Corp DE now owns 127,470 shares of the company’s stock worth $1,683,000 after buying an additional 19,501 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Gold Fields in the fourth quarter worth about $251,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

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.