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

Several brokerages have issued reports on GFI. Zacks Investment Research cut shares of Gold Fields from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. ValuEngine upgraded shares of Gold Fields from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. 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. Scotiabank set a $4.00 price target on shares of Gold Fields and gave the company a “hold” rating in a research report on Tuesday, August 14th. Finally, HSBC upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $5.02.

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its position in shares of Gold Fields by 11.8% during the second quarter. Van ECK Associates Corp now owns 100,460,925 shares of the company’s stock worth $358,646,000 after buying an additional 10,606,292 shares during the period. Ruffer LLP increased its position in shares of Gold Fields by 58.4% during the second quarter. Ruffer LLP now owns 13,469,406 shares of the company’s stock worth $48,018,000 after buying an additional 4,968,668 shares during the period. Donald Smith & CO. Inc. increased its position in shares of Gold Fields by 15.0% during the second quarter. Donald Smith & CO. Inc. now owns 22,736,936 shares of the company’s stock worth $81,171,000 after buying an additional 2,971,476 shares during the period. Jane Street Group LLC increased its position in shares of Gold Fields by 446.2% during the second quarter. Jane Street Group LLC now owns 1,257,181 shares of the company’s stock worth $4,488,000 after buying an additional 1,027,015 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Gold Fields by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 37,846,556 shares of the company’s stock worth $135,100,000 after buying an additional 973,651 shares during the period. Hedge funds and other institutional investors own 34.73% of the company’s stock.

About Gold Fields (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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