StockNews.com Begins Coverage on Gold Fields (NYSE:GFI)

StockNews.com started coverage on shares of Gold Fields (NYSE:GFI – Get Rating) in a research report released on Thursday. The brokerage issued a buy rating on the stock.

Other research analysts have also issued reports about the stock. BMO Capital Markets lifted their price objective on shares of Gold Fields from $10.50 to $11.50 and gave the stock a market perform rating in a research note on Wednesday, November 23rd. HSBC lowered shares of Gold Fields from a buy rating to a hold rating in a research note on Monday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $13.40.

Gold Fields Stock Up 6.5 %

NYSE GFI opened at $11.55 on Thursday. The company has a fifty day moving average of $10.82 and a two-hundred day moving average of $9.86. Gold Fields has a 52 week low of $7.03 and a 52 week high of $16.92.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, March 30th. Stockholders of record on Friday, March 17th will be paid a dividend of $0.2425 per share. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 3%. The ex-dividend date is Thursday, March 16th.

Institutional Trading of Gold Fields

A number of large investors have recently made changes to their positions in GFI. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Gold Fields during the fourth quarter valued at $51,703,000. Balyasny Asset Management LLC boosted its stake in shares of Gold Fields by 6,833.8% during the third quarter. Balyasny Asset Management LLC now owns 3,466,882 shares of the company’s stock valued at $28,047,000 after purchasing an additional 3,416,882 shares during the period. BlackRock Inc. raised its holdings in shares of Gold Fields by 10.2% in the first quarter. BlackRock Inc. now owns 25,589,382 shares of the company’s stock valued at $395,611,000 after acquiring an additional 2,368,601 shares in the last quarter. TIG Advisors LLC raised its holdings in shares of Gold Fields by 274.4% in the third quarter. TIG Advisors LLC now owns 2,874,241 shares of the company’s stock valued at $23,253,000 after acquiring an additional 2,106,511 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Gold Fields by 60.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,430,544 shares of the company’s stock valued at $43,933,000 after acquiring an additional 2,051,959 shares in the last quarter. 28.41% of the stock is owned by hedge funds and other institutional investors.

About Gold Fields

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Gold Fields Ltd. is a gold mining company, which engages in the production of gold and operation of mines. Its operating mines are located in Australia, Ghana, Peru, and South Africa. The company was founded on May 03, 1968 and is headquartered in Johannesburg, South Africa.