Gold Fields Limited (NYSE:GFI) Stock Position Lowered by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 24.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,809,925 shares of the company's stock after selling 1,206,017 shares during the period. Mackenzie Financial Corp owned about 0.43% of Gold Fields worth $55,092,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Scotia Capital Inc. increased its holdings in shares of 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 increased its holdings in shares of 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. increased its holdings in shares of 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 increased its holdings in shares of 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, Sequoia Financial Advisors LLC increased its holdings in shares of Gold Fields by 2.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 33,840 shares of the company's stock valued at $489,000 after acquiring an additional 949 shares during the period. 26.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. UBS Group cut Gold Fields from a "buy" rating to a "neutral" rating in a report on Wednesday, April 10th. Scotiabank cut their price objective on Gold Fields from $15.50 to $15.00 and set a "sector perform" rating for the company in a research note on Monday, February 26th. BMO Capital Markets lowered Gold Fields from a "market perform" rating to an "underperform" rating and cut their price objective for the stock from $14.00 to $12.00 in a research note on Friday, February 2nd. Finally, StockNews.com upgraded Gold Fields from a "hold" rating to a "buy" rating in a research note on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $13.67.

Gold Fields Price Performance

NYSE:GFI traded up $0.30 during midday trading on Wednesday, reaching $17.75. The company had a trading volume of 3,996,784 shares, compared to its average volume of 4,676,392. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. The stock's fifty day simple moving average is $14.97 and its 200-day simple moving average is $14.18. Gold Fields Limited has a 12-month low of $10.31 and a 12-month high of $18.97.

Gold Fields (NYSE:GFI - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 fiscal year.

Gold Fields Increases Dividend

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

Gold Fields 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.