Guggenheim Capital LLC Reduces Stock Holdings in Gold Fields Limited (NYSE:GFI)

Guggenheim Capital LLC cut its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 21.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 404,590 shares of the company's stock after selling 108,105 shares during the period. Guggenheim Capital LLC's holdings in Gold Fields were worth $5,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. FCA Corp TX purchased a new position in shares of Gold Fields during the 4th quarter valued at approximately $108,000. Net Worth Advisory Group purchased a new position in Gold Fields in the fourth quarter valued at $136,000. Signaturefd LLC raised its position in shares of 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 period. Sequoia Financial Advisors LLC acquired a new position in shares of Gold Fields in the fourth quarter worth about $141,000. Finally, US Bancorp DE boosted its stake in shares of Gold Fields by 18.9% during the 4th 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. 24.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on GFI. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a research note on Thursday, April 17th. HSBC reiterated a "hold" rating and set a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. Scotiabank raised 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, April 14th. StockNews.com lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, April 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $18.56.

Gold Fields Stock Performance

Gold Fields stock traded down $1.58 during midday trading on Wednesday, hitting $21.81. 4,460,882 shares of the company's stock were exchanged, compared to its average volume of 3,705,086. The firm's 50 day simple moving average is $20.93 and its 200 day simple moving average is $17.40. Gold Fields Limited has a 12-month low of $12.98 and a 12-month high of $25.52. The stock has a market cap of $19.52 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 0.30 and a beta of 0.92.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a dividend of $0.3752 per share. The ex-dividend date was Friday, March 14th. This represents a yield of 1.6%. This is an increase from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's dividend payout ratio is presently 25.96%.

About Gold Fields

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.