Gold Fields (GFI) Trading Up 6.1%

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Gold Fields Limited (NYSE:GFI) shares were up 6.1% during mid-day trading on Thursday . The company traded as high as $2.82 and last traded at $2.79. Approximately 10,741,810 shares traded hands during trading, an increase of 170% from the average daily volume of 3,973,927 shares. The stock had previously closed at $2.63.

A number of research analysts have issued reports on GFI shares. Zacks Investment Research lowered shares of Gold Fields from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. Royal Bank of Canada upgraded shares of Gold Fields from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, September 18th. ValuEngine upgraded shares of Gold Fields from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. HSBC upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. Finally, Scotiabank set a $4.00 target price on shares of Gold Fields and gave the stock a “hold” rating in a research report on Tuesday, August 14th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $5.02.

The stock has a market capitalization of $1.99 billion, a PE ratio of 11.63 and a beta of -1.28.

The company also recently declared a semiannual dividend, which was paid on Thursday, September 20th. Stockholders of record on Friday, September 7th were issued a dividend of $0.0141 per share. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, September 6th. Gold Fields’s dividend payout ratio (DPR) is presently 8.33%.

Several institutional investors have recently modified their holdings of the company. Verition Fund Management LLC lifted its holdings in shares of Gold Fields by 139.1% during the 1st quarter. Verition Fund Management LLC now owns 24,810 shares of the company’s stock worth $100,000 after acquiring an additional 14,433 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Gold Fields by 2.6% during the 1st quarter. Wells Fargo & Company MN now owns 888,558 shares of the company’s stock worth $3,572,000 after acquiring an additional 22,359 shares during the period. DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in shares of Gold Fields by 12.8% during the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 215,400 shares of the company’s stock worth $769,000 after acquiring an additional 24,500 shares during the period. Bank of Montreal Can lifted its holdings in shares of Gold Fields by 8.8% during the 2nd quarter. Bank of Montreal Can now owns 324,875 shares of the company’s stock worth $1,160,000 after acquiring an additional 26,215 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Gold Fields by 33.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 139,758 shares of the company’s stock worth $499,000 after acquiring an additional 35,018 shares during the period. 34.73% of the stock is owned by institutional investors.

Gold Fields Company Profile (NYSE:GFI)

Gold Fields Limited produces gold and holds gold reserves and resources in South Africa, Ghana, Australia, and Peru. The company engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. It holds interests in seven operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.

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