Gold Fields Limited has announced that it has reached a new 52-week high during mid-day trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $13.80 to $15.50. The company traded as high as $16.47 and last traded at $15.70, with a volume of 253326 shares changing hands. The stock had previously closed at $15.52.

Other analysts also recently issued reports about the stock. StockNews.com upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Thursday, February 24th. The Goldman Sachs Group downgraded shares of Gold Fields from a “neutral” rating to a “sell” rating in a report on Monday, January 17th. Zacks Investment Research downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Wednesday, February 23rd. Finally, Investec upgraded shares of Gold Fields from a “sell” rating to a “hold” rating in a report on Tuesday, March 1st.

One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.50.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE increased its holdings in Gold Fields by 6.2% during the third quarter. US Bancorp DE now owns 19,549 shares of the company’s stock worth $159,000 after buying an additional 1,137 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in Gold Fields by 2.3% during the fourth quarter.

Advisor Group Holdings Inc. now owns 59,968 shares of the company’s stock worth $659,000 after purchasing an additional 1,326 shares during the period. Signaturefd LLC boosted its position in Gold Fields by 13.3% during the fourth quarter. Signaturefd LLC now owns 12,626 shares of the company’s stock worth $139,000 after purchasing an additional 1,482 shares during the period.

Commonwealth Equity Services LLC boosted its position in Gold Fields by 8.5% during the third quarter. Commonwealth Equity Services LLC now owns 19,227 shares of the company’s stock worth $156,000 after purchasing an additional 1,511 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in Gold Fields by 116.8% during the third quarter. Arkadios Wealth Advisors now owns 3,244 shares of the company’s stock worth $26,000 after purchasing an additional 1,748 shares during the period. Institutional investors and hedge funds own 26.31% of the company’s stock.

The stock’s 50-day simple moving average is $11.46 and its 200 day simple moving average is $10.20.
The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 24th. Shareholders of record on Friday, March 11th will be given a dividend of $0.1738 per share. This represents a yield of 2%. This is a boost from Gold Fields’s previous semi-annual dividend of $0.14. The ex-dividend date of this dividend is Thursday, March 10th.