Gold Fields (NYSE:GFI) Sets New 52-Week High – Should You Buy?

Gold Fields Limited (NYSE:GFI) shares hit a new 52-week high on Friday . The company traded as high as $22.80 and last traded at $22.64, with a volume of 2029527 shares traded. The stock had previously closed at $20.96.

Analysts Set New Price Targets

GFI has been the subject of a number of recent analyst reports. StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. JPMorgan Chase & Co. upped their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Finally, Scotiabank raised their target price on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note 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, the company currently has an average rating of “Hold” and a consensus price target of $17.20.

Gold Fields Stock Up 6.3 %

The stock has a market capitalization of $19.94 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 0.30 and a beta of 1.14. The business’s 50 day simple moving average is $18.83 and its 200-day simple moving average is $16.34.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a dividend of $0.3752 per share. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 1.6%. Gold Fields’s dividend payout ratio (DPR) is currently 25.96%.

Institutional Investors Weigh In On Gold Fields

A number of large investors have recently modified their holdings of GFI. Amundi lifted its position in shares of Gold Fields by 7.3% during the 4th quarter. Amundi now owns 3,107,369 shares of the company’s stock worth $44,684,000 after buying an additional 211,333 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Gold Fields by 6.4% during the 4th quarter. American Century Companies Inc. now owns 2,976,004 shares of the company’s stock valued at $39,283,000 after purchasing an additional 178,973 shares during the last quarter. RWC Asset Management LLP increased its position in Gold Fields by 9.2% during the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company’s stock worth $35,784,000 after purchasing an additional 227,704 shares in the last quarter. DJE Kapital AG bought a new position in Gold Fields in the 4th quarter valued at approximately $33,486,000. Finally, Schroder Investment Management Group increased its holdings in shares of Gold Fields by 11.3% during the fourth quarter. Schroder Investment Management Group now owns 2,164,906 shares of the company’s stock worth $28,490,000 after buying an additional 219,254 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

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.