Gold Fields Limited (NYSE:GFI) Plans Semi-annual Dividend of $0.38

Gold Fields Limited (NYSE:GFI) declared a semi-annual dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.3752 per share on Thursday, March 27th. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, March 14th. This is a 121.8% increase from Gold Fields’s previous semi-annual dividend of $0.17.

Gold Fields has increased its dividend payment by an average of 2.4% annually over the last three years. Gold Fields has a dividend payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Gold Fields to earn $2.18 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 15.6%.

Gold Fields Stock Up 2.4 %

GFI stock traded up $0.45 during midday trading on Wednesday, hitting $19.47. The company’s stock had a trading volume of 2,798,268 shares, compared to its average volume of 2,982,024. The stock has a market cap of $17.43 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 0.30 and a beta of 1.14. The stock’s 50-day moving average price is $16.62 and its 200 day moving average price is $15.65. Gold Fields has a 1 year low of $12.98 and a 1 year high of $19.80.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. StockNews.com upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st. Finally, Scotiabank raised their price target on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

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.