Gold Fields Limited (NYSE:GFI – Get Rating) shares gapped down prior to trading on Friday . The stock had previously closed at $7.67, but opened at $7.27. Gold Fields shares last traded at $7.34, with a volume of 169,130 shares changing hands.
Analyst Upgrades and Downgrades
GFI has been the topic of a number of analyst reports. StockNews.com raised Gold Fields from a "hold" rating to a "buy" rating in a report on Wednesday. Investec raised Gold Fields from a "hold" rating to a "buy" rating in a research note on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $13.77.
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The company has a 50 day moving average price of $8.59 and a 200 day moving average price of $11.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 2.22.
Gold Fields Cuts Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 29th. Investors of record on Friday, September 16th will be given a dividend of $0.172 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a dividend yield of 3.4%.Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of GFI. Van ECK Associates Corp raised its position in shares of Gold Fields by 10.9% during the 2nd quarter. Van ECK Associates Corp now owns 52,593,621 shares of the company's stock worth $479,654,000 after purchasing an additional 5,165,756 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Gold Fields by 118.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,107,356 shares of the company's stock worth $78,960,000 after purchasing an additional 2,772,894 shares during the last quarter. BlackRock Inc. raised its position in shares of Gold Fields by 10.2% during the 1st quarter. BlackRock Inc. now owns 25,589,382 shares of the company's stock worth $395,611,000 after purchasing an additional 2,368,601 shares during the last quarter. USS Investment Management Ltd acquired a new position in shares of Gold Fields during the 1st quarter worth approximately $32,677,000. Finally, Mackenzie Financial Corp raised its holdings in Gold Fields by 31.5% in the 2nd quarter. Mackenzie Financial Corp now owns 8,167,333 shares of the company's stock valued at $74,486,000 after acquiring an additional 1,954,759 shares during the last quarter. 26.34% of the stock is currently owned by institutional investors and hedge funds.
About Gold Fields
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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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