Gold Fields (NYSE:GFI) Sets New 52-Week High – Still a Buy?

Gold Fields Limited (NYSE:GFI) hit a new 52-week high during trading on Friday . The stock traded as high as $22.80 and last traded at $22.64, with a volume of 2029527 shares traded. The stock had previously closed at $20.96.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GFI shares. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. boosted their price objective on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Finally, Scotiabank boosted their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.20.

Gold Fields Trading Up 6.3 %

The business has a 50 day moving average of $18.83 and a 200-day moving average of $16.34. The firm has a market capitalization of $19.94 billion, a P/E ratio of 9.48, a PEG ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a $0.3752 dividend. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. This represents a yield of 1.6%. The ex-dividend date was Friday, March 14th. Gold Fields’s payout ratio is currently 25.96%.

Hedge Funds Weigh In On Gold Fields

A number of large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of Gold Fields in the fourth quarter valued at approximately $2,886,000. Fairtree Asset Management Pty Ltd bought a new position in Gold Fields in the fourth quarter valued at $911,000. PKO Investment Management Joint Stock Co acquired a new stake in Gold Fields in the 4th quarter valued at $5,346,000. Integrated Advisors Network LLC bought a new stake in Gold Fields during the 4th quarter worth about $331,000. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in shares of Gold Fields during the 4th quarter worth about $570,000. Institutional investors own 24.81% 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.