Gold Fields (NYSE:GFI) Shares Gap Down to $17.89

Gold Fields Limited (NYSE:GFI)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $17.89, but opened at $16.87. Gold Fields shares last traded at $16.80, with a volume of 867,909 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GFI. UBS Group lowered Gold Fields from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. BMO Capital Markets lowered Gold Fields from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $14.00 to $12.00 in a research note on Friday, February 2nd. StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. Finally, Scotiabank reduced their target price on Gold Fields from $15.50 to $15.00 and set a “sector perform” rating on the stock in a research note on Monday, February 26th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.67.

Gold Fields Trading Down 7.8 %

The stock has a market capitalization of $14.76 billion, a price-to-earnings ratio of 10.02 and a beta of 1.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25. The firm has a fifty day moving average of $15.67 and a 200-day moving average of $14.55.

Gold Fields (NYSE:GFI) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.15 by $0.10. As a group, equities analysts predict that Gold Fields Limited will post 1.53 earnings per share for the current fiscal year.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.1717 per share. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date was Thursday, March 14th. This represents a dividend yield of 2.5%. Gold Fields’s dividend payout ratio (DPR) is presently 21.21%.

Hedge Funds Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently bought and sold shares of GFI. GAMMA Investing LLC acquired a new position in Gold Fields in the fourth quarter valued at approximately $26,000. Tower Research Capital LLC TRC boosted its stake in Gold Fields by 133.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,673 shares of the company’s stock valued at $68,000 after acquiring an additional 2,668 shares during the period. Parallel Advisors LLC boosted its stake in Gold Fields by 51.7% in the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock valued at $71,000 after acquiring an additional 1,662 shares during the period. Headlands Technologies LLC bought a new stake in shares of Gold Fields during the third quarter valued at approximately $100,000. Finally, QRG Capital Management Inc. bought a new stake in shares of Gold Fields during the third quarter valued at approximately $116,000. 26.02% of the stock is currently owned by institutional investors and hedge funds.

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.