Renaissance Technologies LLC cut its position in Gold Fields Limited (NYSE:GFI - Free Report) by 12.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,167,749 shares of the company's stock after selling 318,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.24% of Gold Fields worth $28,614,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC increased its position in Gold Fields by 0.5% during the fourth quarter. HighTower Advisors LLC now owns 105,174 shares of the company's stock worth $1,388,000 after acquiring an additional 573 shares during the period. Rhumbline Advisers raised its stake in shares of Gold Fields by 4.3% in the fourth 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. Edmond DE Rothschild Holding S.A. raised its stake in shares of 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 buying an additional 1,583 shares in the last quarter. Signaturefd LLC increased its stake in Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company's stock valued at $136,000 after acquiring an additional 1,656 shares during the period. Finally, US Bancorp DE raised its position 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 purchasing 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 NYSE:GFI traded down $0.51 during midday trading on Thursday, reaching $24.16. The company's stock had a trading volume of 2,235,882 shares, compared to its average volume of 3,625,808. The business's fifty day simple moving average is $20.57 and its 200-day simple moving average is $17.16. The company has a market capitalization of $21.62 billion, a P/E ratio of 10.28, a P/E/G ratio of 0.30 and a beta of 0.92. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $25.52.
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%.
Analyst Ratings Changes
GFI has been the topic of several analyst reports. HSBC reiterated a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a research note on Thursday. JPMorgan Chase & Co. upped their price target on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. Scotiabank lifted their price objective on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday. Finally, StockNews.com raised shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 10th. Four 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.56.
Read Our Latest Research Report on GFI
Gold Fields Company Profile
(
Free Report)
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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