Gold Fields (NYSE:GFI) Downgraded to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of Gold Fields (NYSE:GFI) from a strong-buy rating to a buy rating in a research report report published on Friday.

A number of other analysts have also recently weighed in on the company. Scotiabank raised their price target on Gold Fields from $20.00 to $23.00 and gave the company a “sector perform” rating in a research note on Monday, April 14th. HSBC reissued a “hold” rating and set a $21.00 target price on shares of Gold Fields in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.56.

Gold Fields Trading Down 2.6 %

Shares of NYSE:GFI opened at $24.04 on Friday. Gold Fields has a 52 week low of $12.98 and a 52 week high of $25.52. The company’s 50 day moving average is $20.75 and its two-hundred day moving average is $17.30. The company has a market cap of $21.52 billion, a PE ratio of 10.23, a P/E/G 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. Stockholders of record on Friday, March 14th were issued a $0.3752 dividend. This represents a dividend yield of 1.6%. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date was Friday, March 14th. Gold Fields’s payout ratio is presently 25.96%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company’s stock worth $83,000 after buying an additional 649 shares during the period. FCA Corp TX purchased a new position in shares of Gold Fields in the 4th quarter valued at approximately $108,000. Net Worth Advisory Group purchased a new position in shares of Gold Fields in the 4th quarter valued at approximately $136,000. Signaturefd LLC increased its holdings in shares of 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. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Gold Fields during the fourth quarter worth approximately $139,000. 24.81% of the stock is currently 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.