Fairtree Asset Management Pty Ltd Buys Shares of 68,991 Gold Fields Limited (NYSE:GFI)

Fairtree Asset Management Pty Ltd acquired a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 68,991 shares of the company's stock, valued at approximately $911,000. Gold Fields makes up 0.9% of Fairtree Asset Management Pty Ltd's portfolio, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of GFI. FCA Corp TX acquired a new position in Gold Fields in the fourth quarter worth about $108,000. Net Worth Advisory Group bought a new position in Gold Fields during the 4th quarter worth approximately $136,000. Signaturefd LLC lifted its holdings in Gold Fields by 19.1% during the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company's stock worth $136,000 after buying an additional 1,656 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Gold Fields in the 4th quarter worth approximately $139,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Gold Fields in the 4th quarter valued at approximately $141,000. Institutional investors own 24.81% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GFI. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. HSBC reaffirmed a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a report on Thursday, April 17th. Finally, Scotiabank boosted their price objective 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. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $18.56.

Gold Fields Stock Down 0.1%

GFI stock traded down $0.02 during mid-day trading on Friday, reaching $22.99. The company had a trading volume of 3,023,773 shares, compared to its average volume of 3,638,482. The stock's 50-day simple moving average is $22.18 and its two-hundred day simple moving average is $18.50. The stock has a market capitalization of $20.58 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.30 and a beta of 0.57. Gold Fields Limited has a one year low of $12.98 and a one year high of $25.52.

Gold Fields Increases Dividend

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