Gold Fields (NYSE:GFI) Shares Gap Up to $15.15

Shares of Gold Fields Limited (NYSE:GFI) gapped up before the market opened on Tuesday . The stock had previously closed at $15.15, but opened at $15.63. Gold Fields shares last traded at $15.48, with a volume of 291,212 shares traded.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GFI. BMO Capital Markets lowered shares of Gold Fields from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $14.00 to $12.00 in a research note on Friday, February 2nd. StockNews.com cut shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, Scotiabank reduced their price target on shares of Gold Fields from $15.50 to $15.00 and set a “sector perform” rating on the stock in a research report on Monday, February 26th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.67.

Gold Fields Stock Up 1.2 %

The company’s fifty day moving average is $14.09 and its two-hundred day moving average is $13.67.

Gold Fields (NYSE:GFI) last issued its earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.10. Equities analysts forecast that Gold Fields Limited will post 1.15 EPS for the current year.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be issued a $0.1717 dividend. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date is Thursday, March 14th. This represents a yield of 2.5%.

Institutional Trading of Gold Fields

Several hedge funds have recently added to or reduced their stakes in GFI. Van ECK Associates Corp increased its stake in Gold Fields by 15.1% in the third quarter. Van ECK Associates Corp now owns 46,158,985 shares of the company’s stock valued at $501,287,000 after purchasing an additional 6,053,995 shares during the last quarter. BlackRock Inc. increased its stake in Gold Fields by 10.2% in the first quarter. BlackRock Inc. now owns 25,589,382 shares of the company’s stock valued at $395,611,000 after purchasing an additional 2,368,601 shares during the last quarter. RWC Asset Advisors US LLC increased its stake in Gold Fields by 19.3% in the fourth quarter. RWC Asset Advisors US LLC now owns 12,810,699 shares of the company’s stock valued at $185,243,000 after purchasing an additional 2,070,427 shares during the last quarter. Renaissance Technologies LLC increased its stake in Gold Fields by 4.5% in the first quarter. Renaissance Technologies LLC now owns 7,350,784 shares of the company’s stock valued at $113,643,000 after purchasing an additional 317,100 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Gold Fields by 118.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,107,356 shares of the company’s stock valued at $78,960,000 after purchasing an additional 2,772,894 shares during the last quarter. Institutional investors and hedge funds own 26.02% of the company’s stock.

Gold Fields Company Profile

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.