Gold Fields Ltd. (GFI) Shares Down 2.5%
Gold Fields Ltd. (NYSE:GFI) shares traded down 2.5% during trading on Tuesday . The company traded as low as $4.71 and last traded at $4.74, with a volume of 2,217,714 shares changing hands. The stock had previously closed at $4.86.
A number of research analysts have commented on the company. Macquarie raised Gold Fields from a “neutral” rating to an “outperform” rating in a research report on Friday, September 2nd. Zacks Investment Research lowered Gold Fields from a “buy” rating to a “hold” rating in a research report on Thursday, August 25th. Citigroup Inc. reaffirmed a “sell” rating on shares of Gold Fields in a research report on Thursday, August 18th. JPMorgan Chase & Co. raised Gold Fields from an “underweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Finally, Goldman Sachs Group Inc. raised Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 price target for the company in a research report on Friday, July 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$5.41.
The stock has a 50-day moving average of $5.79 and a 200 day moving average of $4.78. The stock’s market capitalization is $3.90 billion.
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The company also recently announced a dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, September 9th were issued a $0.037 dividend. This is a boost from Gold Fields’s previous dividend of $0.03. The ex-dividend date of this dividend was Wednesday, September 7th. Gold Fields’s payout ratio is -12.90%.
Large investors have recently modified their holdings of the company. Global X Management Co. LLC boosted its stake in shares of Gold Fields by 1.2% in the second quarter. Global X Management Co. LLC now owns 34,862 shares of the company’s stock valued at $171,000 after buying an additional 400 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Gold Fields by 4.4% in the second quarter. BNP Paribas Arbitrage SA now owns 80,298 shares of the company’s stock valued at $393,000 after buying an additional 3,352 shares during the period. World Asset Management Inc boosted its stake in shares of Gold Fields by 11.8% in the second quarter. World Asset Management Inc now owns 49,913 shares of the company’s stock valued at $245,000 after buying an additional 5,265 shares during the period. Franklin Resources Inc. boosted its stake in shares of Gold Fields by 27.5% in the first quarter. Franklin Resources Inc. now owns 65,000 shares of the company’s stock valued at $256,000 after buying an additional 14,000 shares during the period. Finally, State Street Corp boosted its stake in shares of Gold Fields by 8.4% in the second quarter. State Street Corp now owns 224,663 shares of the company’s stock valued at $1,101,000 after buying an additional 17,381 shares during the period. 37.38% of the stock is currently owned by hedge funds and other institutional investors.
Gold Fields Company Profile
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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