U S Global Investors Inc. Sells 212,209 Shares of Gold Fields Limited (NYSE:GFI)

U S Global Investors Inc. trimmed its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 59.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 145,000 shares of the company's stock after selling 212,209 shares during the period. U S Global Investors Inc.'s holdings in Gold Fields were worth $2,097,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Van ECK Associates Corp increased its stake in Gold Fields by 15.1% during the 3rd quarter. Van ECK Associates Corp now owns 46,158,985 shares of the company's stock worth $501,287,000 after buying an additional 6,053,995 shares during the period. Balyasny Asset Management LLC increased its stake in Gold Fields by 6,833.8% during the 3rd quarter. Balyasny Asset Management LLC now owns 3,466,882 shares of the company's stock worth $28,047,000 after buying an additional 3,416,882 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Gold Fields by 118.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,107,356 shares of the company's stock worth $78,960,000 after buying an additional 2,772,894 shares during the period. BlackRock Inc. grew its holdings in Gold Fields by 10.2% during the 1st quarter. BlackRock Inc. now owns 25,589,382 shares of the company's stock worth $395,611,000 after acquiring an additional 2,368,601 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Gold Fields by 48.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,056,783 shares of the company's stock worth $69,935,000 after acquiring an additional 1,659,847 shares in the last quarter. 26.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on GFI. StockNews.com upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a report on Thursday, March 28th. Scotiabank lowered their price target on shares of Gold Fields from $15.50 to $15.00 and set a "sector perform" rating for the company in a report on Monday, February 26th. Finally, BMO Capital Markets cut shares of Gold Fields from a "market perform" rating to an "underperform" rating and lowered their price target for the stock from $14.00 to $12.00 in a report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $13.67.

Gold Fields Trading Down 0.5 %

Shares of Gold Fields stock traded down $0.08 during trading hours on Thursday, hitting $16.68. The company had a trading volume of 7,005,048 shares, compared to its average volume of 4,505,598. The company's 50-day moving average is $14.47 and its two-hundred day moving average is $13.82. Gold Fields Limited has a twelve month low of $10.31 and a twelve month high of $17.78.

Gold Fields (NYSE:GFI - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.10. On average, equities analysts forecast that Gold Fields Limited will post 1.15 EPS for the current fiscal year.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.1717 dividend. This is an increase from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 2.5%.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.