Gold Fields (NYSE:GFI) Shares Gap Down – Should You Sell?

Gold Fields Limited (NYSE:GFI)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $21.61, but opened at $21.00. Gold Fields shares last traded at $20.88, with a volume of 547,819 shares trading hands.

Analysts Set New Price Targets

Several research analysts have issued reports on GFI shares. JPMorgan Chase & Co. boosted their target price on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Scotiabank boosted their target price on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 25th. Finally, StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.20.

Gold Fields Price Performance

The stock has a market cap of $18.80 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The business has a fifty day moving average of $18.38 and a 200-day moving average of $16.18.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.3752 per share. The ex-dividend date is Friday, March 14th. This represents a yield of 1.6%. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s dividend payout ratio is currently 25.53%.

Institutional Trading of Gold Fields

Hedge funds have recently bought and sold shares of the stock. FCA Corp TX purchased a new stake in Gold Fields during the fourth quarter worth $108,000. Net Worth Advisory Group purchased a new stake in Gold Fields during the fourth quarter worth $136,000. Signaturefd LLC lifted its holdings in Gold Fields by 19.1% during the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after buying an additional 1,656 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Gold Fields during the fourth quarter worth $139,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Gold Fields during the fourth quarter worth $141,000. Hedge funds and other institutional investors own 24.81% 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, 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.