Gold Fields (NYSE:GFI) Upgraded by StockNews.com to “Strong-Buy” Rating

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

GFI has been the topic of several other reports. Scotiabank lifted their target price on Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their target price on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Four research 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.20.

Gold Fields Stock Down 3.0 %

Shares of Gold Fields stock opened at $20.13 on Friday. The stock’s 50-day simple moving average is $17.67 and its 200-day simple moving average is $15.89. Gold Fields has a 52 week low of $12.98 and a 52 week high of $20.83. The company has a market capitalization of $18.02 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.3752 per share. This is a boost 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 presently 25.53%.

Institutional Investors Weigh In On Gold Fields

Several large investors have recently added to or reduced their stakes in the stock. PKO Investment Management Joint Stock Co bought a new stake in Gold Fields during the fourth quarter worth approximately $5,346,000. Integrated Advisors Network LLC bought a new stake in Gold Fields during the fourth quarter worth approximately $331,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in Gold Fields during the fourth quarter worth approximately $570,000. Public Employees Retirement System of Ohio bought a new stake in Gold Fields during the fourth quarter worth approximately $139,000. Finally, Two Sigma Investments LP increased its stake in Gold Fields by 61.1% during the fourth quarter. Two Sigma Investments LP now owns 64,256 shares of the company’s stock worth $848,000 after acquiring an additional 24,365 shares during the last quarter. 24.81% of the stock is owned by institutional investors.

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.