Gold Fields Limited (NYSE:GFI) Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC reduced its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 71.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,376 shares of the company's stock after selling 420,494 shares during the quarter. Euro Pacific Asset Management LLC's holdings in Gold Fields were worth $2,467,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GFI. Rakuten Securities Inc. acquired a new position in shares of Gold Fields during the 4th quarter worth about $397,000. Vontobel Holding Ltd. raised its position in shares of Gold Fields by 1.0% during the 4th quarter. Vontobel Holding Ltd. now owns 614,660 shares of the company's stock worth $8,888,000 after purchasing an additional 5,851 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of Gold Fields during the 4th quarter worth about $149,000. Lester Murray Antman dba SimplyRich acquired a new position in shares of Gold Fields during the 4th quarter worth about $252,000. Finally, Sequoia Financial Advisors LLC raised its position in shares of Gold Fields by 2.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 33,840 shares of the company's stock worth $489,000 after purchasing an additional 949 shares during the last quarter. 26.02% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Stock Performance

Shares of NYSE GFI traded up $0.03 during midday trading on Thursday, reaching $17.77. 2,250,883 shares of the stock were exchanged, compared to its average volume of 4,644,070. The company has a 50 day simple moving average of $15.05 and a 200 day simple moving average of $14.21. The company has a quick ratio of 0.70, a current ratio of 1.25 and a debt-to-equity ratio of 0.22. Gold Fields Limited has a twelve month low of $10.31 and a twelve 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 forecast that Gold Fields Limited will post 1.15 earnings per share for the current fiscal year.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.1717 per share. The ex-dividend date 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.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. BMO Capital Markets downgraded shares of Gold Fields from a "market perform" rating to an "underperform" rating and cut their price objective for the company from $14.00 to $12.00 in a report on Friday, February 2nd. UBS Group downgraded shares of Gold Fields from a "buy" rating to a "neutral" rating in a report on Wednesday, April 10th. Scotiabank cut their price objective 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, StockNews.com upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $13.67.

Gold Fields Company 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.