Balyasny Asset Management L.P. reduced its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 52.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,018 shares of the company's stock after selling 58,942 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Gold Fields were worth $700,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of GFI. Franklin Resources Inc. increased its position in Gold Fields by 70.0% during the third quarter. Franklin Resources Inc. now owns 37,129 shares of the company's stock worth $579,000 after buying an additional 15,289 shares during the last quarter. Atomi Financial Group Inc. grew its holdings in Gold Fields by 10.5% during the fourth quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company's stock valued at $279,000 after purchasing an additional 2,014 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Gold Fields by 42.3% in the fourth quarter. SG Americas Securities LLC now owns 87,990 shares of the company's stock worth $1,161,000 after buying an additional 26,143 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Gold Fields by 78.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company's stock worth $7,735,000 after buying an additional 257,081 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Gold Fields by 8.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock valued at $21,194,000 after buying an additional 122,247 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently commented on GFI. HSBC reiterated a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a research note on Thursday, April 17th. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Scotiabank boosted their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Finally, StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.56.
View Our Latest Stock Report on Gold Fields
Gold Fields Stock Performance
NYSE GFI traded up $0.64 during trading on Monday, reaching $21.28. 2,467,859 shares of the company traded hands, compared to its average volume of 3,728,286. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $25.52. The company has a market cap of $19.05 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 0.30 and a beta of 0.57. The stock's 50 day moving average price is $21.89 and its two-hundred day moving average price is $18.03.
Gold Fields Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a $0.3752 dividend. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date was Friday, March 14th. This represents a yield of 1.6%. Gold Fields's payout ratio is currently 25.96%.
About Gold Fields
(
Free Report)
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.
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