Gold Fields (NYSE:GFI) Shares Up 3.9%

Shares of Gold Fields Limited (NYSE:GFI) shot up 3.9% on Monday . The company traded as high as $14.83 and last traded at $14.77. 473,617 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 3,807,039 shares. The stock had previously closed at $14.21.

Analyst Upgrades and Downgrades

GFI has been the subject of a number of recent analyst reports. BMO Capital Markets raised shares of Gold Fields from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $13.50 to $14.00 in a research note on Wednesday, June 26th. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Bank of America assumed coverage on shares of Gold Fields in a research report on Monday. They set a “buy” rating and a $16.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Finally, Scotiabank decreased their target price on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.93.

Gold Fields Stock Up 2.4 %

The business’s 50 day moving average is $15.50 and its 200 day moving average is $15.73. The company has a quick ratio of 0.70, a current ratio of 1.77 and a debt-to-equity ratio of 0.33.

Gold Fields Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 13th will be given a dividend of $0.1692 per share. This represents a yield of 2.2%. The ex-dividend date of this dividend is Friday, September 13th.

Institutional Investors Weigh In On Gold Fields

Several institutional investors have recently bought and sold shares of GFI. Van ECK Associates Corp increased its holdings in Gold Fields by 6.6% in the 1st quarter. Van ECK Associates Corp now owns 47,241,502 shares of the company’s stock worth $750,667,000 after buying an additional 2,934,943 shares during the period. First Eagle Investment Management LLC purchased a new stake in Gold Fields in the first quarter valued at $85,326,000. RWC Asset Management LLP grew its position in Gold Fields by 10.0% during the 2nd quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock worth $53,476,000 after purchasing an additional 324,885 shares during the period. Schroder Investment Management Group raised its stake in shares of Gold Fields by 4.5% during the 4th quarter. Schroder Investment Management Group now owns 3,240,748 shares of the company’s stock valued at $46,861,000 after buying an additional 139,205 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Gold Fields by 28.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock valued at $38,878,000 after buying an additional 581,730 shares during the period. 26.02% of the stock is currently owned by institutional investors and hedge funds.

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.