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

Gold Fields Limited (NYSE:GFI)’s share price 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 trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GFI. BMO Capital Markets cut Gold Fields from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $14.00 to $12.00 in a research note on Friday, February 2nd. UBS Group lowered Gold Fields from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Finally, Scotiabank dropped their price objective on shares of Gold Fields from $15.50 to $15.00 and set a “sector perform” rating for the company in a report on Monday, February 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $13.67.

Gold Fields Stock Performance

The company has a fifty day simple moving average of $16.21 and a 200 day simple moving average of $14.66. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22.

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

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.1717 dividend. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 2.5%. The ex-dividend date was Thursday, March 14th.

Hedge Funds Weigh In On Gold Fields

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Gold Fields by 2.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 92,309 shares of the company’s stock worth $1,002,000 after acquiring an additional 2,459 shares during the period. Advisor Partners II LLC increased its holdings in Gold Fields by 26.2% in the third quarter. Advisor Partners II LLC now owns 16,273 shares of the company’s stock worth $177,000 after purchasing an additional 3,377 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Gold Fields by 33.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 28,158 shares of the company’s stock valued at $306,000 after buying an additional 7,032 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Gold Fields by 7.8% during the 3rd quarter. Panagora Asset Management Inc. now owns 26,429 shares of the company’s stock worth $287,000 after buying an additional 1,911 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Gold Fields by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,066,014 shares of the company’s stock worth $22,437,000 after buying an additional 57,556 shares during the period. 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.