Gold Fields (NYSE:GFI) Shares Gap Down to $16.56

Shares of Gold Fields Limited (NYSE:GFI) gapped down prior to trading on Tuesday . The stock had previously closed at $16.56, but opened at $15.69. Gold Fields shares last traded at $15.84, with a volume of 580,928 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GFI shares. UBS Group cut Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. BMO Capital Markets downgraded shares of Gold Fields from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $14.00 to $12.00 in a report on Friday, February 2nd. Scotiabank dropped their price target on shares of 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. Finally, StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Gold Fields currently has an average rating of “Hold” and an average target price of $13.67.

Gold Fields Stock Performance

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 company’s 50-day moving average price is $16.00 and its 200 day moving average price is $14.63.

Gold Fields (NYSE:GFI) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. On average, equities analysts forecast that Gold Fields Limited will post 1.53 EPS for the current fiscal year.

Gold Fields Increases Dividend

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

Institutional Investors Weigh In On Gold Fields

Several institutional investors and hedge funds have recently modified their holdings of GFI. Van ECK Associates Corp increased its holdings in Gold Fields by 6.6% in the 1st quarter. Van ECK Associates Corp now owns 47,241,502 shares of the company’s stock valued at $750,667,000 after acquiring an additional 2,934,943 shares during the last quarter. RWC Asset Advisors US LLC increased its holdings in shares of Gold Fields by 19.3% in the fourth quarter. RWC Asset Advisors US LLC now owns 12,810,699 shares of the company’s stock worth $185,243,000 after purchasing an additional 2,070,427 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Gold Fields by 0.9% in the third quarter. Mackenzie Financial Corp now owns 5,015,942 shares of the company’s stock worth $53,921,000 after buying an additional 43,666 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Gold Fields by 2.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,377,766 shares of the company’s stock worth $48,842,000 after buying an additional 70,646 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in Gold Fields by 4.5% during the 4th quarter. Schroder Investment Management Group now owns 3,240,748 shares of the company’s stock valued at $46,861,000 after buying an additional 139,205 shares in the last quarter. Institutional investors 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, 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.