Gold Fields (NYSE:GFI) Shares Gap Up – Should You Buy?

Gold Fields Limited (NYSE:GFI)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $20.65, but opened at $21.48. Gold Fields shares last traded at $21.39, with a volume of 596,420 shares.

Wall Street Analysts Forecast Growth

GFI has been the topic of a number of research analyst reports. Scotiabank boosted their price target on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 25th. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.20.

Gold Fields Price Performance

The stock has a market capitalization of $18.99 billion, a PE ratio of 9.03, a P/E/G ratio of 0.30 and a beta of 1.14. The business’s fifty day moving average price is $17.80 and its 200-day moving average price is $15.96.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be issued a $0.3752 dividend. This represents a dividend yield of 1.6%. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, March 14th. Gold Fields’s dividend payout ratio is presently 25.53%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. FCA Corp TX bought a new position in Gold Fields during the fourth quarter valued at approximately $108,000. Net Worth Advisory Group bought a new position in Gold Fields during the fourth quarter valued at approximately $136,000. Signaturefd LLC grew its position in Gold Fields by 19.1% during the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after acquiring an additional 1,656 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Gold Fields during the fourth quarter valued at approximately $139,000. Finally, Sequoia Financial Advisors LLC bought a new position in Gold Fields during the fourth quarter valued at approximately $141,000. 24.81% of the stock is currently owned by institutional investors.

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.