Graham Capital Management L.P. Acquires Shares of 17,001 Gold Fields Limited (NYSE:GFI)

Graham Capital Management L.P. bought a new position in Gold Fields Limited (NYSE:GFI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,001 shares of the company's stock, valued at approximately $224,000.

Other hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC increased its holdings in shares of Gold Fields by 0.5% during the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company's stock valued at $1,388,000 after acquiring an additional 573 shares during the last quarter. Rhumbline Advisers grew its position in Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock worth $229,000 after purchasing an additional 720 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in Gold Fields by 3.4% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company's stock valued at $638,000 after acquiring an additional 1,583 shares in the last quarter. Signaturefd LLC lifted its position in shares of Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company's stock worth $136,000 after acquiring an additional 1,656 shares during the period. Finally, US Bancorp DE raised its stake in shares of Gold Fields by 18.9% in the fourth quarter. US Bancorp DE now owns 11,484 shares of the company's stock valued at $152,000 after purchasing an additional 1,829 shares in the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GFI shares. Wall Street Zen raised shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Thursday. Scotiabank lifted their target price 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 reissued a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. Finally, Hsbc Global Res raised Gold Fields to a "hold" rating in a report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $18.56.

Gold Fields Price Performance

Shares of GFI traded up $1.05 during trading hours on Friday, hitting $23.09. The stock had a trading volume of 2,865,351 shares, compared to its average volume of 3,685,110. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $25.52. The stock has a market capitalization of $20.67 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 0.30 and a beta of 0.57. The company's fifty day moving average is $22.03 and its two-hundred day moving average is $18.22.

Gold Fields Increases Dividend

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

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.