Gold Fields (NYSE:GFI) Downgraded by StockNews.com to “Buy”

StockNews.com downgraded shares of Gold Fields (NYSE:GFI) from a strong-buy rating to a buy rating in a report released on Saturday morning.

Several other research firms have also commented on GFI. JPMorgan Chase & Co. increased their target price on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Scotiabank increased their price objective on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.20.

Gold Fields Trading Down 4.8 %

Gold Fields stock opened at $20.58 on Friday. Gold Fields has a 52 week low of $12.98 and a 52 week high of $22.18. The stock has a market cap of $18.42 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 0.30 and a beta of 1.14. The company’s 50-day moving average price is $18.50 and its two-hundred day moving average price is $16.23.

Gold Fields Increases Dividend

The firm 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 dividend of $0.3752 per share. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 1.6%. Gold Fields’s payout ratio is currently 25.96%.

Institutional Investors Weigh In On Gold Fields

Several hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC grew its stake in Gold Fields by 0.5% during the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock valued at $1,388,000 after acquiring an additional 573 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after purchasing an additional 720 shares during the period. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Gold Fields by 3.4% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company’s stock worth $638,000 after purchasing an additional 1,583 shares during the period. 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 purchasing an additional 1,656 shares in the last quarter. Finally, US Bancorp DE increased its stake in Gold Fields by 18.9% in the 4th quarter. US Bancorp DE now owns 11,484 shares of the company’s stock valued at $152,000 after buying an additional 1,829 shares during the period. 24.81% of the stock is owned by hedge funds and other institutional investors.

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.