UBS Group Lowers Gold Fields (NYSE:GFI) to Neutral

UBS Group cut shares of Gold Fields (NYSE:GFI) from a buy rating to a neutral rating in a research report released on Wednesday morning, Marketbeat reports.

GFI has been the topic of a number of other research reports. Scotiabank reduced their price target on Gold Fields from $15.50 to $15.00 and set a sector perform rating on the stock in a report on Monday, February 26th. BMO Capital Markets cut Gold Fields from a market perform rating to an underperform rating and cut their price objective for the company from $14.00 to $12.00 in a research report on Friday, February 2nd. Finally, StockNews.com raised Gold Fields from a hold rating to a buy rating in a research report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Gold Fields has an average rating of Hold and a consensus price target of $13.67.

Gold Fields Trading Down 0.2 %

GFI opened at $18.16 on Wednesday. Gold Fields has a 12 month low of $10.31 and a 12 month high of $18.97. 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 business’s 50-day moving average price is $14.84 and its 200-day moving average price is $14.05.

Gold Fields (NYSE:GFI) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. On average, analysts expect that Gold Fields will post 1.15 EPS for the current year.

Gold Fields Increases Dividend

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

Institutional Trading of Gold Fields

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in shares of Gold Fields by 136.9% in the 4th quarter. SG Americas Securities LLC now owns 221,921 shares of the company’s stock worth $3,209,000 after purchasing an additional 128,262 shares in the last quarter. Wellington Management Group LLP bought a new position in Gold Fields in the 3rd quarter valued at approximately $2,046,000. Capricorn Fund Managers Ltd bought a new position in Gold Fields in the 4th quarter valued at approximately $3,897,000. Seven Eight Capital LP bought a new position in Gold Fields in the 3rd quarter valued at approximately $165,000. Finally, Advisors Asset Management Inc. lifted its position in Gold Fields by 36.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 71,868 shares of the company’s stock valued at $780,000 after acquiring an additional 19,149 shares in the last quarter. 26.02% of the stock is owned by institutional investors.

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.