Gold Fields (NYSE:GFI) Shares Gap Down – Should You Sell?

Gold Fields Limited (NYSE:GFI) gapped down before the market opened on Monday . The stock had previously closed at $21.61, but opened at $21.00. Gold Fields shares last traded at $20.88, with a volume of 547,819 shares changing hands.

Analysts Set New Price Targets

Several research firms recently weighed in on GFI. JPMorgan Chase & Co. lifted their target price on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Scotiabank raised their price target on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Gold Fields presently has an average rating of “Hold” and an average target price of $17.20.

Gold Fields Stock Down 2.8 %

The company has a fifty day moving average price of $18.38 and a 200-day moving average price of $16.18. The stock has a market capitalization of $18.80 billion, a P/E ratio of 8.94, a PEG ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be issued a $0.3752 dividend. This represents a dividend yield of 1.6%. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, March 14th. Gold Fields’s payout ratio is 25.53%.

Institutional Investors Weigh In On Gold Fields

Several large investors have recently made changes to their positions in GFI. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Gold Fields in the third quarter worth about $209,000. Massachusetts Financial Services Co. MA increased its stake in Gold Fields by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock worth $94,492,000 after acquiring an additional 580,546 shares during the last quarter. Cerity Partners LLC increased its stake in Gold Fields by 131.0% during the third quarter. Cerity Partners LLC now owns 31,152 shares of the company’s stock worth $478,000 after acquiring an additional 17,664 shares during the last quarter. Bank of Montreal Can increased its stake in Gold Fields by 36.9% during the third quarter. Bank of Montreal Can now owns 263,575 shares of the company’s stock worth $4,280,000 after acquiring an additional 71,094 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Gold Fields during the third quarter worth approximately $9,911,000. 24.81% of the stock is owned by institutional investors.

About Gold Fields

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.