Gold Fields Limited (NYSE:GFI) Shares Sold by Barclays PLC

Barclays PLC lessened its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 137,426 shares of the company's stock after selling 25,548 shares during the period. Barclays PLC's holdings in Gold Fields were worth $1,814,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ABC Arbitrage SA purchased a new position in Gold Fields during the fourth quarter worth about $1,641,000. Raymond James Financial Inc. purchased a new stake in shares of Gold Fields during the 4th quarter valued at approximately $362,000. Rhumbline Advisers lifted its holdings in Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after acquiring an additional 720 shares during the last quarter. Range Financial Group LLC purchased a new position in Gold Fields in the fourth quarter worth approximately $770,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Gold Fields by 8.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock worth $21,194,000 after acquiring an additional 122,247 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. Scotiabank lifted their price target on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. HSBC reiterated a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. raised their price target on Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Gold Fields presently has an average rating of "Moderate Buy" and an average price target of $18.56.

Gold Fields Stock Up 2.7 %

GFI stock traded up $0.61 during midday trading on Tuesday, hitting $23.49. The company's stock had a trading volume of 3,829,774 shares, compared to its average volume of 3,715,791. The firm has a market capitalization of $21.02 billion, a P/E ratio of 10.00, a PEG ratio of 0.30 and a beta of 0.57. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $25.52. The firm has a 50-day simple moving average of $21.49 and a 200-day simple moving average of $17.79.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a $0.3752 dividend. This represents a dividend yield of 1.6%. The ex-dividend date was Friday, March 14th. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's dividend payout ratio (DPR) is presently 25.96%.

Gold Fields Profile

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.