Gold Fields (NYSE:GFI) Sets New 12-Month High – What’s Next?

Gold Fields Limited (NYSE:GFI)’s share price reached a new 52-week high on Friday . The company traded as high as $20.01 and last traded at $20.01, with a volume of 347110 shares traded. The stock had previously closed at $19.32.

Analysts Set New Price Targets

A number of analysts have weighed in on GFI shares. JPMorgan Chase & Co. increased their price objective on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Scotiabank raised their price target on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, February 25th. Finally, StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.20.

Gold Fields Stock Up 4.8 %

The stock has a 50 day simple moving average of $16.99 and a 200 day simple moving average of $15.72. The company has a market cap of $18.12 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be issued a $0.3752 dividend. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. This represents a yield of 1.6%. The ex-dividend date is Friday, March 14th. Gold Fields’s payout ratio is currently 11.49%.

Institutional Trading of Gold Fields

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Advisors Network LLC bought a new position in shares of Gold Fields during the fourth quarter valued at approximately $331,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in shares of Gold Fields during the fourth quarter valued at approximately $570,000. Public Employees Retirement System of Ohio bought a new position in shares of Gold Fields during the fourth quarter valued at approximately $139,000. Two Sigma Investments LP grew its holdings in shares of Gold Fields by 61.1% during the fourth quarter. Two Sigma Investments LP now owns 64,256 shares of the company’s stock valued at $848,000 after purchasing an additional 24,365 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC bought a new position in shares of Gold Fields during the fourth quarter valued at approximately $9,033,000. 24.81% of the stock is owned by 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.