Scotiabank Raises Gold Fields (NYSE:GFI) Price Target to $18.00

Gold Fields (NYSE:GFI) had its price objective raised by Scotiabank from $15.00 to $18.00 in a research report sent to investors on Thursday morning, Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

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

Gold Fields Stock Performance

NYSE GFI opened at $16.05 on Thursday. The business has a 50 day moving average price of $16.54 and a two-hundred day moving average price of $14.90. Gold Fields has a fifty-two week low of $10.31 and a fifty-two week high of $18.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25.

Gold Fields (NYSE:GFI) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. On average, equities analysts predict that Gold Fields will post 1.4 EPS for the current fiscal year.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.1717 per share. This represents a yield of 2.5%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17.

Institutional Investors Weigh In On Gold Fields

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in Gold Fields by 2.7% during the third quarter. Bank of New York Mellon Corp now owns 92,309 shares of the company’s stock valued at $1,002,000 after purchasing an additional 2,459 shares during the last quarter. Panagora Asset Management Inc. grew its position in shares of Gold Fields by 7.8% during the 3rd quarter. Panagora Asset Management Inc. now owns 26,429 shares of the company’s stock valued at $287,000 after buying an additional 1,911 shares during the last quarter. Victory Capital Management Inc. raised its stake in Gold Fields by 2.9% during the third quarter. Victory Capital Management Inc. now owns 2,066,014 shares of the company’s stock worth $22,437,000 after acquiring an additional 57,556 shares during the period. Capital Wealth Planning LLC lifted its holdings in Gold Fields by 208.9% in the third quarter. Capital Wealth Planning LLC now owns 74,124 shares of the company’s stock worth $805,000 after acquiring an additional 50,124 shares during the last quarter. Finally, Donoghue Forlines LLC boosted its stake in Gold Fields by 27.5% in the third quarter. Donoghue Forlines LLC now owns 31,984 shares of the company’s stock valued at $347,000 after acquiring an additional 6,892 shares during the period. 26.02% of the stock is currently 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.