Russell Investments Group Ltd. boosted its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 11.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,808,159 shares of the company's stock after acquiring an additional 178,688 shares during the period. Russell Investments Group Ltd. owned about 0.20% of Gold Fields worth $26,146,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GFI. Van ECK Associates Corp boosted its holdings in shares of Gold Fields by 15.1% in the 3rd quarter. Van ECK Associates Corp now owns 46,158,985 shares of the company's stock valued at $501,287,000 after buying an additional 6,053,995 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Gold Fields by 3,507.0% in the 3rd quarter. Deutsche Bank AG now owns 1,272,869 shares of the company's stock valued at $13,823,000 after buying an additional 1,237,580 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Gold Fields in the 3rd quarter valued at $5,295,000. Jump Financial LLC acquired a new position in shares of Gold Fields in the 3rd quarter valued at $5,131,000. Finally, RWC Asset Advisors US LLC boosted its holdings in shares of Gold Fields by 3.1% in the 3rd quarter. RWC Asset Advisors US LLC now owns 10,740,272 shares of the company's stock valued at $116,639,000 after buying an additional 320,066 shares in the last quarter. Institutional investors and hedge funds own 26.02% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently issued reports on GFI shares. BMO Capital Markets cut shares of Gold Fields from a "market perform" rating to an "underperform" rating and lowered their target price 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 research report on Wednesday, April 10th. StockNews.com upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research report on Thursday, March 28th. Finally, Scotiabank reduced 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 research report on Monday, February 26th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $13.67.
Read Our Latest Report on Gold Fields
Gold Fields Price Performance
GFI stock traded down $0.02 on Thursday, hitting $16.37. The company's stock had a trading volume of 2,468,143 shares, compared to its average volume of 4,485,295. The firm has a 50 day moving average of $15.85 and a two-hundred day moving average of $14.59. Gold Fields Limited has a 1 year low of $10.31 and a 1 year high of $18.97. 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 (NYSE:GFI - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.10. Research analysts expect that Gold Fields Limited will post 1.53 earnings per share for the current fiscal year.
Gold Fields Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders 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 yield of 2.5%. This is an increase from Gold Fields's previous semi-annual dividend of $0.17.
Gold Fields Profile
(
Free Report)
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.
Featured Stories
Before you consider Gold Fields, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gold Fields wasn't on the list.
While Gold Fields currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
