Gold Fields (NYSE:GFI) Given New $18.00 Price Target at Scotiabank

Gold Fields (NYSE:GFI) had its price target boosted by Scotiabank from $15.00 to $18.00 in a report released on Thursday, Benzinga reports. The firm currently has a sector perform rating on the stock.

GFI has been the subject of several other research reports. UBS Group lowered Gold Fields from a buy rating to a neutral rating in a research note on Wednesday, April 10th. BMO Capital Markets lowered Gold Fields from a market perform rating to an underperform rating and cut their target price for the stock from $14.00 to $12.00 in a research note on Friday, February 2nd. Finally, StockNews.com raised Gold Fields from a hold rating to a buy rating in a research note on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $14.67.

Gold Fields Price Performance

GFI stock opened at $15.78 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25. The company’s 50 day moving average is $16.51 and its 200 day moving average is $14.87. Gold Fields has a 1-year low of $10.31 and a 1-year high of $18.97.

Gold Fields (NYSE:GFI) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.10. Analysts expect that Gold Fields will post 1.4 EPS for the current fiscal year.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.1717 per share. This represents a dividend yield of 2.5%. The ex-dividend date was Thursday, March 14th. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17.

Institutional Trading of Gold Fields

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC purchased a new stake in shares of Gold Fields during the fourth quarter valued at approximately $26,000. Tower Research Capital LLC TRC boosted its stake in shares of Gold Fields by 133.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,673 shares of the company’s stock valued at $68,000 after purchasing an additional 2,668 shares during the period. Parallel Advisors LLC lifted its stake in Gold Fields by 51.7% in the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock worth $71,000 after acquiring an additional 1,662 shares during the period. Headlands Technologies LLC purchased a new stake in Gold Fields in the third quarter worth $100,000. Finally, QRG Capital Management Inc. purchased a new stake in Gold Fields in the third quarter worth $116,000. Hedge funds and other institutional investors own 26.02% of the company’s stock.

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.