Raymond James & Associates Makes New $1.43 Million Investment in Gold Fields Limited (NYSE:GFI)

Raymond James & Associates acquired a new stake in Gold Fields Limited (NYSE:GFI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 98,690 shares of the company's stock, valued at approximately $1,427,000.

Other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors increased its holdings in Gold Fields by 100.8% during the 2nd quarter. Captrust Financial Advisors now owns 2,741 shares of the company's stock worth $25,000 after purchasing an additional 1,376 shares during the period. IFP Advisors Inc grew its holdings in Gold Fields by 900.0% during the 2nd quarter. IFP Advisors Inc now owns 2,000 shares of the company's stock worth $28,000 after acquiring an additional 1,800 shares in the last quarter. Money Concepts Capital Corp purchased a new stake in shares of Gold Fields in the 4th quarter valued at approximately $31,000. Chiron Investment Management LLC acquired a new stake in shares of Gold Fields in the 1st quarter valued at $68,000. Finally, CreativeOne Wealth LLC purchased a new stake in shares of Gold Fields during the 2nd quarter worth $96,000. Institutional investors and hedge funds own 26.02% of the company's stock.

Gold Fields Stock Performance

Shares of NYSE:GFI traded down $0.12 on Friday, reaching $17.65. The company's stock had a trading volume of 5,172,218 shares, compared to its average volume of 4,614,058. Gold Fields Limited has a 52-week low of $10.31 and a 52-week high of $18.97. The stock has a market capitalization of $15.80 billion, a P/E ratio of 11.10 and a beta of 1.13. The stock's 50-day moving average is $15.21 and its two-hundred day moving average is $14.31. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 0.70.

Gold Fields (NYSE:GFI - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.25 earnings per share 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 EPS for the current year.

Gold Fields Increases Dividend

The business also recently announced 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 represents a yield of 2.5%. The ex-dividend date was Thursday, March 14th. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's dividend payout ratio is currently 22.01%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GFI shares. UBS Group lowered Gold Fields from a "buy" rating to a "neutral" rating in a report on Wednesday, April 10th. BMO Capital Markets cut shares of 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 report on Friday, February 2nd. Scotiabank reduced 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 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 note on Thursday, March 28th. Three equities 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. According to data from MarketBeat.com, Gold Fields has an average rating of "Hold" and an average target price 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.