Gold Fields (NYSE:GFI) Cut to Buy at StockNews.com

StockNews.com downgraded shares of Gold Fields (NYSE:GFI) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

Several other research firms have also commented on GFI. JPMorgan Chase & Co. raised their price objective on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Scotiabank increased their target price on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.20.

Gold Fields Stock Down 4.8 %

Gold Fields stock opened at $20.58 on Friday. The firm has a fifty day moving average of $18.50 and a 200-day moving average of $16.23. Gold Fields has a 52-week low of $12.98 and a 52-week high of $22.18. The firm has a market capitalization of $18.42 billion, a P/E ratio of 8.76, a PEG ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be issued a $0.3752 dividend. The ex-dividend date is Friday, March 14th. This represents a yield of 1.6%. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s dividend payout ratio is currently 25.96%.

Institutional Investors Weigh In On Gold Fields

Hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC grew its position in shares of Gold Fields by 0.5% during the fourth quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock worth $1,388,000 after buying an additional 573 shares in the last quarter. Rhumbline Advisers increased its position in shares of Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after purchasing an additional 720 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Gold Fields by 3.4% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company’s stock valued at $638,000 after purchasing an additional 1,583 shares in the last quarter. Signaturefd LLC lifted its position in shares of Gold Fields by 19.1% during the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after purchasing an additional 1,656 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Gold Fields by 18.9% during the fourth quarter. US Bancorp DE now owns 11,484 shares of the company’s stock worth $152,000 after purchasing an additional 1,829 shares during the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

About Gold Fields

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.