Gold Fields Limited (NYSE:GFI) to Issue $1.01 Dividend

Gold Fields Limited (NYSE:GFI) announced a dividend on Wednesday, August 26th. Stockholders of record on Friday, September 11th will be paid a dividend of 1.0144 per share on Thursday, September 24th. This represents a dividend yield of 421.0%. The ex-dividend date is Friday, September 11th.

Gold Fields has increased its dividend by an average of 0.4%annually over the last three years. Gold Fields has a dividend payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Gold Fields to earn $4.69 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 25.6%.

Gold Fields Trading Up 0.5%

Shares of Gold Fields stock traded up $0.26 on Thursday, reaching $48.08. The company had a trading volume of 1,641,331 shares, compared to its average volume of 3,533,534. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. The firm’s 50-day moving average price is $36.46 and its two-hundred day moving average price is $42.54. Gold Fields has a 1 year low of $31.11 and a 1 year high of $61.64.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank Of Canada dropped their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. JPMorgan Chase & Co. decreased their price objective on Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Weiss Ratings downgraded shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Wall Street Zen raised shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Monday, July 20th. Finally, Scotiabank dropped their price objective on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $54.05.

Gold Fields Company Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.