Gold Fields (NYSE:GFI) Lowered to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of Gold Fields (NYSE:GFI) from a strong-buy rating to a buy rating in a report published on Wednesday.

A number of other equities analysts also recently issued reports on GFI. Scotiabank increased their price target on shares of Gold Fields from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Monday, April 14th. HSBC restated a “hold” rating and issued a $21.00 target price on shares of Gold Fields in a research note on Thursday, April 17th. JPMorgan Chase & Co. upped their price target on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Finally, Hsbc Global Res raised Gold Fields to a “hold” rating in a research report on Thursday, April 17th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Gold Fields has an average rating of “Hold” and a consensus target price of $18.56.

Gold Fields Trading Up 1.9 %

Shares of Gold Fields stock opened at $22.55 on Wednesday. Gold Fields has a 12-month low of $12.98 and a 12-month high of $25.52. The company has a market cap of $20.18 billion, a P/E ratio of 9.60, a PEG ratio of 0.30 and a beta of 0.57. The company’s fifty day simple moving average is $21.84 and its two-hundred day simple moving average is $17.92.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a $0.3752 dividend. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, March 14th. Gold Fields’s dividend payout ratio is currently 25.96%.

Hedge Funds Weigh In On Gold Fields

A number of hedge funds have recently bought and sold shares of GFI. Richardson Financial Services Inc. purchased a new position in Gold Fields in the first quarter worth about $26,000. Banque Cantonale Vaudoise bought a new stake in shares of Gold Fields during the first quarter valued at approximately $44,000. GAMMA Investing LLC lifted its position in Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company’s stock valued at $83,000 after acquiring an additional 649 shares in the last quarter. Blue Trust Inc. boosted its stake in Gold Fields by 67.1% during the 1st quarter. Blue Trust Inc. now owns 4,053 shares of the company’s stock valued at $90,000 after purchasing an additional 1,627 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Gold Fields by 24.1% in the 1st quarter. Parallel Advisors LLC now owns 6,695 shares of the company’s stock worth $148,000 after purchasing an additional 1,298 shares in the last quarter. Institutional investors own 24.81% of the company’s stock.

About Gold Fields

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.