Mirae Asset Global Investments Co. Ltd. Sells 64,590 Shares of Gold Fields Limited (NYSE:GFI)

Mirae Asset Global Investments Co. Ltd. trimmed its position in Gold Fields Limited (NYSE:GFI - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,439,092 shares of the company's stock after selling 64,590 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.16% of Gold Fields worth $20,809,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Scotia Capital Inc. raised its holdings in Gold Fields by 3.6% in the 3rd quarter. Scotia Capital Inc. now owns 23,623 shares of the company's stock valued at $257,000 after acquiring an additional 820 shares during the period. Ballentine Partners LLC raised its holdings in Gold Fields by 7.6% in the 3rd quarter. Ballentine Partners LLC now owns 11,675 shares of the company's stock valued at $127,000 after acquiring an additional 821 shares during the period. Ameriprise Financial Inc. raised its holdings in Gold Fields by 5.9% in the 1st quarter. Ameriprise Financial Inc. now owns 16,770 shares of the company's stock valued at $223,000 after acquiring an additional 934 shares during the period. Metis Global Partners LLC raised its holdings in Gold Fields by 4.7% in the 3rd quarter. Metis Global Partners LLC now owns 20,765 shares of the company's stock valued at $226,000 after acquiring an additional 937 shares during the period. Finally, Captrust Financial Advisors raised its holdings in Gold Fields by 100.8% in the 2nd quarter. Captrust Financial Advisors now owns 2,741 shares of the company's stock valued at $25,000 after acquiring an additional 1,376 shares during the period. 26.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. UBS Group lowered shares of Gold Fields from a "buy" rating to a "neutral" rating in a research report on Wednesday. BMO Capital Markets lowered shares of Gold Fields from a "market perform" rating to an "underperform" rating and reduced their price target for the stock from $14.00 to $12.00 in a research report on Friday, February 2nd. Scotiabank reduced their price target on shares of Gold Fields from $15.50 to $15.00 and set a "sector perform" rating on the stock in a research report on Monday, February 26th. Finally, StockNews.com upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Gold Fields has a consensus rating of "Hold" and a consensus target price of $13.67.

Gold Fields Stock Down 4.3 %

NYSE:GFI traded down $0.77 on Wednesday, hitting $17.29. The company had a trading volume of 7,098,499 shares, compared to its average volume of 4,578,346. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 0.70. The firm has a 50 day moving average of $14.67 and a two-hundred day moving average of $13.95. Gold Fields Limited has a 52 week low of $10.31 and a 52 week high of $18.07.

Gold Fields (NYSE:GFI - Get Free Report) last released its quarterly 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. As a group, sell-side analysts expect that Gold Fields Limited will post 1.15 EPS for the current year.

Gold Fields Increases Dividend

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

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.