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

Gold Fields Limited (NYSE:GFI) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $21.50 and last traded at $21.31, with a volume of 4145144 shares trading hands. The stock had previously closed at $20.65.

Analyst Ratings Changes

Several analysts recently issued reports on GFI shares. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 14th. Scotiabank lifted their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Gold Fields has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.

Gold Fields Trading Up 3.2 %

The stock has a 50 day simple moving average of $17.95 and a 200-day simple moving average of $16.01. The firm has a market cap of $19.07 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be given a $0.3752 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s payout ratio is currently 25.53%.

Institutional Trading of Gold Fields

Large investors have recently made changes to their positions in the business. ABC Arbitrage SA bought a new stake in shares of Gold Fields in the 4th quarter worth about $1,641,000. Bank of Montreal Can increased its stake in Gold Fields by 36.9% during the third quarter. Bank of Montreal Can now owns 263,575 shares of the company’s stock worth $4,280,000 after acquiring an additional 71,094 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Gold Fields by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock worth $94,492,000 after acquiring an additional 580,546 shares during the last quarter. Rhumbline Advisers increased its position in shares of Gold Fields by 4.3% during the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after purchasing an additional 720 shares during the last quarter. Finally, Range Financial Group LLC purchased a new stake in Gold Fields during the 4th quarter valued at $770,000. 24.81% of the stock is currently 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.