Gold Fields (NYSE:GFI) Sets New 1-Year High at $18.07

Gold Fields Limited (NYSE:GFI) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.07 and last traded at $17.90, with a volume of 735277 shares trading hands. The stock had previously closed at $17.40.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GFI shares. Scotiabank cut their target price on Gold Fields from $15.50 to $15.00 and set a “sector perform” rating on the stock in a research note on Monday, February 26th. BMO Capital Markets lowered Gold Fields from a “market perform” rating to an “underperform” rating and cut their target price for the company from $14.00 to $12.00 in a research note on Friday, February 2nd. StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. Finally, UBS Group lowered Gold Fields from a “buy” rating to a “neutral” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.67.

Gold Fields Stock Performance

The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average price of $14.67 and a two-hundred day moving average price of $13.95.

Gold Fields (NYSE:GFI) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.10. Sell-side analysts predict that Gold Fields Limited will post 1.15 EPS for the current year.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.1717 per share. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 2.5%.

Institutional Investors Weigh In On Gold Fields

Large investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its position in Gold Fields by 136.9% in the fourth quarter. SG Americas Securities LLC now owns 221,921 shares of the company’s stock valued at $3,209,000 after buying an additional 128,262 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Gold Fields in the third quarter valued at approximately $2,046,000. Capricorn Fund Managers Ltd purchased a new stake in Gold Fields in the fourth quarter valued at approximately $3,897,000. Seven Eight Capital LP purchased a new stake in Gold Fields in the third quarter valued at approximately $165,000. Finally, Advisors Asset Management Inc. boosted its position in Gold Fields by 36.3% in the third quarter. Advisors Asset Management Inc. now owns 71,868 shares of the company’s stock valued at $780,000 after buying an additional 19,149 shares during the last quarter. Hedge funds and other institutional investors own 26.02% of the company’s stock.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.