Silvercrest Asset Management Group LLC Purchases New Holdings in Gold Fields Limited (NYSE:GFI)

Silvercrest Asset Management Group LLC bought a new stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 684,329 shares of the company's stock, valued at approximately $9,033,000. Silvercrest Asset Management Group LLC owned approximately 0.08% of Gold Fields at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FCA Corp TX bought a new position in Gold Fields in the fourth quarter worth approximately $108,000. Net Worth Advisory Group bought a new position in Gold Fields in the fourth quarter worth approximately $136,000. Signaturefd LLC boosted 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 in the last quarter. Sequoia Financial Advisors LLC bought a new position in Gold Fields in the fourth quarter worth approximately $141,000. Finally, US Bancorp DE boosted its holdings in Gold Fields by 18.9% in the fourth quarter. US Bancorp DE now owns 11,484 shares of the company's stock worth $152,000 after acquiring an additional 1,829 shares in the last quarter. Institutional investors own 24.81% of the company's stock.

Gold Fields Price Performance

Shares of GFI stock traded up $1.05 during trading hours on Friday, reaching $23.09. The company had a trading volume of 2,865,351 shares, compared to its average volume of 3,685,110. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $25.52. The business has a fifty day simple moving average of $22.03 and a 200-day simple moving average of $18.22. The company has a market cap of $20.67 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 0.30 and a beta of 0.57.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Investors 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 an increase from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date was Friday, March 14th. Gold Fields's dividend payout ratio (DPR) is presently 25.96%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GFI shares. Wall Street Zen upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Thursday. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a report on Thursday, April 17th. HSBC reiterated a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a report on Thursday, April 17th. Finally, Scotiabank raised their target price on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Gold Fields has an average rating of "Moderate Buy" 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.