Gold Fields (NYSE:GFI) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen lowered shares of Gold Fields (NYSE:GFI) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

Several other brokerages have also recently issued reports on GFI. Canaccord Genuity Group cut Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 target price on the stock. in a research report on Monday, October 13th. Capital One Financial set a $32.00 price objective on Gold Fields in a research report on Friday, August 22nd. Zacks Research cut Gold Fields from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Investec cut Gold Fields from a “buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, BMO Capital Markets lifted their price objective on Gold Fields from $24.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Gold Fields currently has an average rating of “Hold” and a consensus price target of $27.63.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $43.10 on Friday. The stock has a market capitalization of $38.58 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 0.33 and a beta of 0.49. The stock’s 50-day simple moving average is $37.19 and its two-hundred day simple moving average is $28.41. Gold Fields has a 52-week low of $12.98 and a 52-week high of $47.18.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 12th were paid a dividend of $0.3993 per share. This is a boost from Gold Fields’s previous semi-annual dividend of $0.38. The ex-dividend date of this dividend was Friday, September 12th. This represents a yield of 130.0%. Gold Fields’s dividend payout ratio is 27.23%.

Institutional Trading of Gold Fields

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bridgewater Advisors Inc. raised its stake in Gold Fields by 1.8% during the 2nd quarter. Bridgewater Advisors Inc. now owns 20,375 shares of the company’s stock valued at $516,000 after purchasing an additional 354 shares during the period. CWM LLC raised its stake in Gold Fields by 24.7% during the 3rd quarter. CWM LLC now owns 2,086 shares of the company’s stock valued at $88,000 after purchasing an additional 413 shares during the period. Allworth Financial LP raised its stake in Gold Fields by 31.8% during the 2nd quarter. Allworth Financial LP now owns 2,007 shares of the company’s stock valued at $48,000 after purchasing an additional 484 shares during the period. Signaturefd LLC raised its stake in Gold Fields by 6.0% during the 2nd quarter. Signaturefd LLC now owns 9,714 shares of the company’s stock valued at $230,000 after purchasing an additional 546 shares during the period. Finally, Assetmark Inc. raised its stake in Gold Fields by 34.2% during the 2nd quarter. Assetmark Inc. now owns 2,189 shares of the company’s stock valued at $52,000 after purchasing an additional 558 shares during the period. Institutional investors own 24.81% of the company’s stock.

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.