Mackenzie Financial Corp Sells 19,695 Shares of Gold Fields Limited (NYSE:GFI)

Mackenzie Financial Corp reduced its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 737,197 shares of the company's stock after selling 19,695 shares during the period. Mackenzie Financial Corp owned approximately 0.08% of Gold Fields worth $9,731,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GFI. FCA Corp TX bought 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 in the fourth quarter worth about $136,000. Signaturefd LLC lifted its holdings in Gold Fields by 19.1% in the fourth 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 last quarter. Public Employees Retirement System of Ohio bought a new position in Gold Fields in the fourth quarter worth about $139,000. Finally, Sequoia Financial Advisors LLC bought a new position in Gold Fields in the fourth quarter worth about $141,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GFI. Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday. 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 note on Monday, April 14th. Finally, HSBC restated a "hold" rating and set a $21.00 price target on shares of Gold Fields in a report on Thursday, April 17th. 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 data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $18.56.

Gold Fields Stock Down 0.1%

NYSE:GFI traded down $0.02 on Friday, reaching $22.99. The stock had a trading volume of 3,023,773 shares, compared to its average volume of 3,638,482. The company has a market capitalization of $20.58 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 0.30 and a beta of 0.57. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $25.52. The stock has a fifty day moving average price of $22.18 and a 200-day moving average price of $18.53.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a dividend of $0.3752 per share. This represents a dividend 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 dividend payout ratio is presently 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.