Fairtree Asset Management Pty Ltd Buys New Shares in Gold Fields Limited (NYSE:GFI)

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

A number of other hedge funds also recently made changes to their positions in GFI. SG Americas Securities LLC boosted its stake in shares of Gold Fields by 42.3% in the 4th quarter. SG Americas Securities LLC now owns 87,990 shares of the company's stock valued at $1,161,000 after purchasing an additional 26,143 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Gold Fields by 78.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company's stock valued at $7,735,000 after purchasing an additional 257,081 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 purchasing an additional 122,247 shares in the last quarter. ABC Arbitrage SA acquired a new stake in shares of Gold Fields in the 4th quarter valued at approximately $1,641,000. Finally, Rhumbline Advisers boosted its stake in shares of Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after purchasing an additional 720 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Down 0.1%

Gold Fields stock traded down $0.02 during mid-day trading on Friday, hitting $22.99. 3,023,773 shares of the stock were exchanged, compared to its average volume of 3,638,482. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $25.52. The firm's fifty day simple moving average is $22.14 and its two-hundred day simple moving average is $18.41. The stock has a market capitalization of $20.58 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.30 and a beta of 0.57.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were issued a dividend of $0.3752 per share. 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. This represents a yield of 1.6%. Gold Fields's dividend payout ratio (DPR) is presently 25.96%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GFI. HSBC reiterated a "hold" rating and set a $21.00 target price on shares of Gold Fields in a research report on Thursday, April 17th. Scotiabank lifted their target price on shares of Gold Fields from $20.00 to $23.00 and gave the stock 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 research report on Thursday, April 17th. Finally, Wall Street Zen downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $18.56.

Gold Fields Company 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.