Gold Fields Ltd. (GFI) Trading Up 4.8%
Gold Fields Ltd. (NYSE:GFI) was up 4.8% during mid-day trading on Wednesday . The company traded as high as $5.00 and last traded at $4.98, with a volume of 3,403,931 shares trading hands. The stock had previously closed at $4.75.
A number of equities research analysts have recently issued reports on GFI shares. Citigroup Inc. reissued a “sell” rating on shares of Gold Fields in a research report on Thursday, August 18th. Goldman Sachs Group Inc. raised shares of Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 target price for the company in a research report on Friday, July 8th. JPMorgan Chase & Co. raised shares of Gold Fields from an “underweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Royal Bank Of Canada raised shares of Gold Fields from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $4.08 to $4.39 in a research report on Wednesday, June 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Thursday, August 25th. One investment 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’s stock. Gold Fields presently has an average rating of “Hold” and a consensus target price of C$5.41.
The firm has a 50 day moving average of $5.74 and a 200-day moving average of $4.78. The stock’s market capitalization is $4.22 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/gold-fields-ltd-gfi-trading-up-4-8.html
The firm also recently announced a dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, September 9th were given a dividend of $0.037 per share. The ex-dividend date was Wednesday, September 7th. This is a positive change from Gold Fields’s previous dividend of $0.03. Gold Fields’s dividend payout ratio (DPR) is currently -12.90%.
Several large investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC acquired a new stake in shares of Gold Fields during the second quarter valued at about $111,000. Neuberger Berman Group LLC purchased a new stake in shares of Gold Fields during the second quarter valued at $115,000. Allianz Asset Management AG purchased a new stake in shares of Gold Fields during the second quarter valued at $131,000. Global X Management Co. LLC raised 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. Finally, World Asset Management Inc raised 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. 36.51% of the stock is owned by hedge funds and other institutional investors.
About Gold Fields
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.
Receive News & Ratings for Gold Fields Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.