USS Investment Management Ltd Cuts Stock Holdings in Gold Fields Limited (NYSE:GFI)

USS Investment Management Ltd trimmed its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 28.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,022,029 shares of the company's stock after selling 821,660 shares during the period. USS Investment Management Ltd owned about 0.23% of Gold Fields worth $26,701,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. ABC Arbitrage SA purchased a new stake in shares of Gold Fields during the fourth quarter worth about $1,641,000. Raymond James Financial Inc. purchased a new stake in shares of Gold Fields during the fourth quarter worth about $362,000. Rhumbline Advisers boosted its holdings in shares of Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock worth $229,000 after purchasing an additional 720 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Gold Fields by 8.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock worth $21,194,000 after purchasing an additional 122,247 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Gold Fields by 42.3% during the fourth quarter. SG Americas Securities LLC now owns 87,990 shares of the company's stock worth $1,161,000 after purchasing an additional 26,143 shares during the period. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Price Performance

Shares of Gold Fields stock opened at $21.28 on Tuesday. The company's fifty day simple moving average is $21.91 and its 200-day simple moving average is $18.07. The stock has a market capitalization of $19.05 billion, a PE ratio of 9.06, a P/E/G 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.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a dividend of $0.3752 per share. This is a boost 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 dividend yield of 1.6%. Gold Fields's payout ratio is 25.96%.

Analyst Upgrades and Downgrades

Several brokerages have commented on GFI. Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. HSBC reaffirmed a "hold" rating and set a $21.00 target price on shares of Gold Fields in a research note on Thursday, April 17th. StockNews.com downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, Scotiabank raised 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Gold Fields currently has an average rating of "Hold" and a consensus 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.

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