Shares of Gold Fields Limited (NYSE:GFI – Get Rating) traded up 2.5% during mid-day trading on Thursday . The company traded as high as $7.73 and last traded at $7.71. 140,607 shares traded hands during trading, a decline of 98% from the average session volume of 8,452,390 shares. The stock had previously closed at $7.52.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research report on Thursday, July 7th. StockNews.com upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $13.77.
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Gold Fields Trading Up 1.9 %
The company's fifty day moving average is $8.65 and its two-hundred day moving average is $11.19. The company has a quick ratio of 0.96, a current ratio of 2.22 and a debt-to-equity ratio of 0.34.
Gold Fields Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 29th. Investors of record on Friday, September 16th will be issued a $0.172 dividend. The ex-dividend date is Thursday, September 15th. This represents a yield of 3.4%.
Institutional Investors Weigh In On Gold Fields
Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors raised its holdings in Gold Fields by 100.8% in the second quarter. Captrust Financial Advisors now owns 2,741 shares of the company's stock worth $25,000 after purchasing an additional 1,376 shares during the period. JFS Wealth Advisors LLC lifted its position in Gold Fields by 488.9% in the 1st quarter. JFS Wealth Advisors LLC now owns 2,179 shares of the company's stock valued at $34,000 after acquiring an additional 1,809 shares in the last quarter. Larson Financial Group LLC acquired a new position in Gold Fields in the 2nd quarter worth $35,000. Optimum Investment Advisors bought a new position in Gold Fields during the 4th quarter worth about $44,000. Finally, Chiron Investment Management LLC acquired a new stake in shares of Gold Fields in the 1st quarter valued at about $68,000. 26.34% of the stock is currently owned by institutional investors and hedge funds.
Gold Fields Company Profile
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Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces.
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