Gold Fields (NYSE:GFI) Shares Gap Down – What’s Next?

Gold Fields Limited (NYSE:GFI) gapped down prior to trading on Monday. The stock had previously closed at $40.38, but opened at $34.84. Gold Fields shares last traded at $35.4940, with a volume of 1,731,037 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Gold Fields in a research report on Monday, August 31st. Scotiabank lowered their price objective on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen cut Gold Fields from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. JPMorgan Chase & Co. reduced their target price on Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Finally, Zacks Research cut Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Gold Fields has a consensus rating of “Hold” and an average target price of $55.05.

Gold Fields Trading Down 12.4%

The business’s fifty day moving average price is $41.06 and its 200-day moving average price is $41.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.33 and a current ratio of 1.87.

Gold Fields Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were given a dividend of $1.0144 per share. The ex-dividend date was Friday, September 11th. This represents a yield of 450.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GFI. QRG Capital Management Inc. boosted its holdings in shares of Gold Fields by 4.6% in the second quarter. QRG Capital Management Inc. now owns 20,001 shares of the company’s stock worth $672,000 after buying an additional 877 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Gold Fields by 11.7% in the second quarter. Sequoia Financial Advisors LLC now owns 29,976 shares of the company’s stock worth $1,007,000 after purchasing an additional 3,136 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Gold Fields during the 2nd quarter valued at $440,000. Engineers Gate Manager LP raised its position in shares of Gold Fields by 51.0% during the 2nd quarter. Engineers Gate Manager LP now owns 87,455 shares of the company’s stock valued at $2,938,000 after purchasing an additional 29,555 shares during the period. Finally, Baird Financial Group Inc. raised its position in shares of Gold Fields by 2.7% during the 2nd quarter. Baird Financial Group Inc. now owns 26,891 shares of the company’s stock valued at $903,000 after purchasing an additional 704 shares during the period. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Company Profile

Gold Fields Limited is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and other gold-bearing products for refining and sale. Its portfolio also includes limited by-product production, such as copper and silver, at certain operations.

Gold Fields operates mines and development projects across Africa, Australia and the Americas. Its assets include the South Deep mine in South Africa; Tarkwa and the Damang complex in Ghana; St Ives, Agnew and Granny Smith in Western Australia; Cerro Corona in Peru; and Salares Norte in Chile.