Gold Fields (NYSE:GFI) Shares Up 11.2% – Should You Buy?

Gold Fields Limited (NYSE:GFI) shot up 11.2% during trading on Wednesday . The company traded as high as $45.89 and last traded at $46.4320. 923,508 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 3,370,582 shares. The stock had previously closed at $41.75.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GFI. Morgan Stanley lowered Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. Zacks Research lowered Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $49.75.

Gold Fields Stock Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. The firm has a 50-day moving average of $47.63 and a 200 day moving average of $46.37.

Gold Fields Dividend Announcement

The firm also recently announced a special dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 13th were given a dividend of $1.4419 per share. The ex-dividend date was Friday, March 13th. This represents a dividend yield of 633.0%.

Institutional Investors Weigh In On Gold Fields

Several institutional investors and hedge funds have recently made changes to their positions in GFI. Goldman Sachs Group Inc. boosted its position in shares of Gold Fields by 69.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock valued at $191,407,000 after purchasing an additional 1,794,124 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Gold Fields by 39.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock worth $265,700,000 after acquiring an additional 1,714,442 shares in the last quarter. Man Group plc boosted its holdings in Gold Fields by 63.7% in the fourth quarter. Man Group plc now owns 3,650,799 shares of the company’s stock worth $159,394,000 after acquiring an additional 1,421,121 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Gold Fields by 211.0% in the fourth quarter. AQR Capital Management LLC now owns 1,791,823 shares of the company’s stock worth $78,231,000 after acquiring an additional 1,215,647 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Gold Fields by 3.4% in the fourth quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock worth $1,549,227,000 after acquiring an additional 1,180,634 shares in the last quarter. Institutional investors own 24.81% of the company’s stock.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.