Gold Fields (NYSE:GFI) Sets New 1-Year High at $18.07

Shares of Gold Fields Limited (NYSE:GFI) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $18.07 and last traded at $17.90, with a volume of 735277 shares changing hands. The stock had previously closed at $17.40.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GFI. StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Scotiabank reduced their price target on Gold Fields from $15.50 to $15.00 and set a “sector perform” rating on the stock in a research report on Monday, February 26th. BMO Capital Markets lowered Gold Fields from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $14.00 to $12.00 in a research report on Friday, February 2nd. Finally, UBS Group lowered Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.67.

Gold Fields Price Performance

The firm has a 50 day moving average of $14.67 and a two-hundred day moving average of $13.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25.

Gold Fields (NYSE:GFI) last posted its earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.10. As a group, sell-side analysts anticipate that Gold Fields Limited will post 1.15 earnings per share for the current fiscal year.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.1717 per share. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 2.5%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in Gold Fields by 136.9% during the fourth quarter. SG Americas Securities LLC now owns 221,921 shares of the company’s stock worth $3,209,000 after buying an additional 128,262 shares during the period. Wellington Management Group LLP acquired a new position in Gold Fields during the third quarter worth approximately $2,046,000. Capricorn Fund Managers Ltd acquired a new position in Gold Fields during the fourth quarter worth approximately $3,897,000. Seven Eight Capital LP acquired a new position in Gold Fields during the third quarter worth approximately $165,000. Finally, Advisors Asset Management Inc. increased its position in Gold Fields by 36.3% during the third quarter. Advisors Asset Management Inc. now owns 71,868 shares of the company’s stock worth $780,000 after buying an additional 19,149 shares during the period. Institutional investors and hedge funds own 26.02% 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, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.