Gold Fields (NYSE:GFI) Shares Gap Down to $12.40

Gold Fields Limited (NYSE:GFI)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $12.40, but opened at $12.04. Gold Fields shares last traded at $12.40, with a volume of 523,692 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GFI. StockNews.com upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Friday, August 25th. Scotiabank decreased their target price on Gold Fields from $18.00 to $16.00 and set a “sector perform” rating for the company in a report on Friday, August 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.75.

Gold Fields Stock Performance

The stock has a market cap of $10.99 billion, a PE ratio of 8.42, a PEG ratio of 1.58 and a beta of 0.95. The stock has a fifty day simple moving average of $13.43 and a two-hundred day simple moving average of $13.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.12.

Gold Fields Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 8th will be issued a $0.1711 dividend. This represents a yield of 4%. The ex-dividend date of this dividend is Thursday, September 7th. Gold Fields’s dividend payout ratio is presently 18.49%.

Hedge Funds Weigh In On Gold Fields

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC raised its position in shares of Gold Fields by 5.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,013 shares of the company’s stock valued at $235,000 after purchasing an additional 818 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Gold Fields by 5.9% in the 1st quarter. Ameriprise Financial Inc. now owns 16,770 shares of the company’s stock valued at $223,000 after purchasing an additional 934 shares in the last quarter. Innovis Asset Management LLC raised its position in shares of Gold Fields by 5.2% in the 1st quarter. Innovis Asset Management LLC now owns 20,388 shares of the company’s stock valued at $272,000 after purchasing an additional 1,006 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Gold Fields by 3.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 32,832 shares of the company’s stock valued at $437,000 after purchasing an additional 1,059 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Gold Fields by 100.8% in the 2nd quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock valued at $25,000 after purchasing an additional 1,376 shares in the last quarter. Hedge funds and other 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.