Gold Fields (NYSE:GFI) Shares Gap Up to $12.88

Gold Fields Limited (NYSE:GFI)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $12.88, but opened at $13.19. Gold Fields shares last traded at $13.17, with a volume of 504,264 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Scotiabank dropped their price target on shares of Gold Fields from $18.00 to $16.00 and set a “sector perform” rating for the company in a research note on Friday, August 18th. JPMorgan Chase & Co. lowered shares of Gold Fields from a “neutral” rating to an “underweight” rating in a research note on Friday, May 5th. Finally, StockNews.com upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.75.

Gold Fields Price Performance

The company has a current ratio of 1.12, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm’s 50 day simple moving average is $13.73 and its two-hundred day simple moving average is $13.63.

Gold Fields Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 8th will be paid a dividend of $0.1711 per share. The ex-dividend date is Thursday, September 7th. This represents a yield of 4%.

Institutional Trading of Gold Fields

Several institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its position in shares of Gold Fields by 100.8% during the second quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock worth $25,000 after acquiring an additional 1,376 shares during the last quarter. IFP Advisors Inc grew its position in shares of Gold Fields by 900.0% during the second quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $28,000 after acquiring an additional 1,800 shares during the last quarter. Money Concepts Capital Corp bought a new position in shares of Gold Fields during the fourth quarter worth about $31,000. Chiron Investment Management LLC bought a new position in shares of Gold Fields during the first quarter worth about $68,000. Finally, CreativeOne Wealth LLC bought a new position in shares of Gold Fields during the second quarter worth about $96,000. Institutional investors own 20.99% 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.