Gold Fields (NYSE:GFI) Shares Gap Down to $16.56

Gold Fields Limited (NYSE:GFI)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $16.56, but opened at $15.69. Gold Fields shares last traded at $15.84, with a volume of 580,928 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GFI shares. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. 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. UBS Group cut Gold Fields from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th. Finally, BMO Capital Markets cut Gold Fields from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $14.00 to $12.00 in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.67.

Gold Fields Stock Performance

The firm’s 50-day moving average is $16.21 and its 200-day moving average is $14.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25.

Gold Fields (NYSE:GFI) last posted its 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. As a group, equities analysts predict that Gold Fields Limited will post 1.53 EPS for the current fiscal year.

Gold Fields Increases Dividend

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

Hedge Funds Weigh In On Gold Fields

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in Gold Fields by 15.1% during the 3rd quarter. Van ECK Associates Corp now owns 46,158,985 shares of the company’s stock valued at $501,287,000 after acquiring an additional 6,053,995 shares during the period. First Eagle Investment Management LLC bought a new stake in shares of Gold Fields in the 1st quarter worth approximately $85,326,000. RWC Asset Advisors US LLC grew its stake in shares of Gold Fields by 19.3% in the 4th quarter. RWC Asset Advisors US LLC now owns 12,810,699 shares of the company’s stock worth $185,243,000 after buying an additional 2,070,427 shares during the last quarter. Deutsche Bank AG increased its position in Gold Fields by 3,507.0% during the 3rd quarter. Deutsche Bank AG now owns 1,272,869 shares of the company’s stock valued at $13,823,000 after buying an additional 1,237,580 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Gold Fields by 145.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock valued at $16,329,000 after buying an additional 669,819 shares during the last quarter. Hedge funds and other institutional investors 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, 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.