Gold Fields (NYSE:GFI) shares gapped up prior to trading on Friday . The stock had previously closed at $3.69, but opened at $3.81. Gold Fields shares last traded at $3.90, with a volume of 3036217 shares trading hands.
A number of research analysts recently weighed in on GFI shares. Morgan Stanley upgraded shares of Gold Fields from an “underweight” rating to an “equal weight” rating in a report on Tuesday, March 20th. Royal Bank of Canada upgraded shares of Gold Fields from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 3rd. Zacks Investment Research cut shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, HSBC upgraded shares of Gold Fields from a “reduce” rating to a “hold” rating in a report on Friday, January 19th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Gold Fields has a consensus rating of “Hold” and a consensus target price of $4.75.
The company also recently declared a semiannual dividend, which was paid on Thursday, March 22nd. Shareholders of record on Friday, March 9th were issued a dividend of $0.0426 per share. This represents a yield of 2.15%. The ex-dividend date of this dividend was Thursday, March 8th. Gold Fields’s dividend payout ratio (DPR) is presently 29.17%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Jefferies Group LLC acquired a new position in Gold Fields during the 4th quarter worth approximately $108,000. Quantitative Investment Management LLC acquired a new position in Gold Fields during the 4th quarter worth approximately $129,000. State of Wisconsin Investment Board acquired a new position in Gold Fields during the 4th quarter worth approximately $177,000. Tower Research Capital LLC TRC grew its holdings in Gold Fields by 53.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 56,298 shares of the company’s stock worth $242,000 after acquiring an additional 19,689 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Gold Fields by 152.7% during the 4th quarter. First Trust Advisors LP now owns 56,700 shares of the company’s stock worth $244,000 after acquiring an additional 34,258 shares in the last quarter. Institutional investors own 33.79% of the company’s stock.
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Gold Fields Company Profile
Gold Fields Limited produces gold and holds gold reserves in South Africa, Ghana, Australia, and Peru. It engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. The company holds interests in eight operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as mineral reserves of approximately 48 million ounces and mineral resources of approximately 101 million ounces.
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