Bridgewater Associates LP Has $10.76 Million Stock Holdings in Gold Fields Limited (NYSE:GFI)

Bridgewater Associates LP lifted its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 97.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 815,113 shares of the company's stock after acquiring an additional 401,567 shares during the period. Bridgewater Associates LP owned approximately 0.09% of Gold Fields worth $10,759,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Gold Fields by 2.2% during the 3rd quarter. State Street Corp now owns 1,194,633 shares of the company's stock worth $18,338,000 after purchasing an additional 25,972 shares during the period. Franklin Resources Inc. raised its holdings in Gold Fields by 70.0% in the 3rd quarter. Franklin Resources Inc. now owns 37,129 shares of the company's stock valued at $579,000 after acquiring an additional 15,289 shares in the last quarter. CWA Asset Management Group LLC lifted its position in shares of Gold Fields by 13.5% in the 4th quarter. CWA Asset Management Group LLC now owns 77,825 shares of the company's stock worth $1,027,000 after acquiring an additional 9,261 shares during the period. Range Financial Group LLC bought a new stake in shares of Gold Fields during the fourth quarter valued at approximately $770,000. Finally, Atomi Financial Group Inc. lifted its position in Gold Fields by 10.5% in the fourth quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company's stock worth $279,000 after purchasing an additional 2,014 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Trading Up 1.3 %

Shares of GFI traded up $0.31 on Tuesday, reaching $24.41. 1,697,060 shares of the company's stock were exchanged, compared to its average volume of 3,633,455. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $25.52. The stock has a market capitalization of $21.85 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 0.30 and a beta of 0.92. The business has a 50 day moving average price of $20.85 and a two-hundred day moving average price of $17.36.

Gold Fields Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GFI. Scotiabank raised 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. HSBC reiterated a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday. JPMorgan Chase & Co. raised their price target on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Finally, Hsbc Global Res upgraded Gold Fields to a "hold" rating in a report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Gold Fields has an average rating of "Hold" and an average price target of $18.56.

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.