Gold Fields Limited (GFI) To Go Ex-Dividend on September 13th

Gold Fields Limited (NYSE:GFI) declared a semi-annual dividend on Monday, August 26th, Wall Street Journal reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.1692 per share on Thursday, September 26th. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, September 13th.

Gold Fields has raised its dividend by an average of 38.3% annually over the last three years. Gold Fields has a payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Gold Fields to earn $2.16 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 15.7%.

Gold Fields Stock Performance

Shares of GFI opened at $13.58 on Wednesday. The stock has a 50-day moving average of $15.59 and a 200-day moving average of $15.70. Gold Fields has a one year low of $10.31 and a one year high of $18.97. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.77 and a quick ratio of 0.70. The company has a market cap of $12.15 billion, a PE ratio of 7.80 and a beta of 1.18.

Analysts Set New Price Targets

GFI has been the subject of several recent research reports. Scotiabank decreased their price objective on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Monday, August 26th. BMO Capital Markets raised shares of Gold Fields from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $13.50 to $14.00 in a research note on Wednesday, June 26th. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Gold Fields has a consensus rating of “Hold” and a consensus price target of $15.90.

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.