Massachusetts Financial Services Co. MA Raises Stake in Gold Fields Limited (NYSE:GFI)

Massachusetts Financial Services Co. MA increased its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,377,766 shares of the company's stock after acquiring an additional 70,646 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.38% of Gold Fields worth $48,842,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GFI. Bank of New York Mellon Corp increased its holdings in shares of Gold Fields by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 92,309 shares of the company's stock worth $1,002,000 after acquiring an additional 2,459 shares in the last quarter. Advisor Partners II LLC raised its holdings in Gold Fields by 26.2% during the 3rd quarter. Advisor Partners II LLC now owns 16,273 shares of the company's stock worth $177,000 after buying an additional 3,377 shares during the period. Panagora Asset Management Inc. raised its holdings in Gold Fields by 7.8% during the 3rd quarter. Panagora Asset Management Inc. now owns 26,429 shares of the company's stock worth $287,000 after buying an additional 1,911 shares during the period. Victory Capital Management Inc. lifted its stake in Gold Fields by 2.9% in the third quarter. Victory Capital Management Inc. now owns 2,066,014 shares of the company's stock valued at $22,437,000 after buying an additional 57,556 shares in the last quarter. Finally, Capital Wealth Planning LLC boosted its holdings in shares of Gold Fields by 208.9% in the third quarter. Capital Wealth Planning LLC now owns 74,124 shares of the company's stock valued at $805,000 after buying an additional 50,124 shares during the period. Institutional investors and hedge funds own 26.02% of the company's stock.

Analysts Set New Price Targets

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

Gold Fields Trading Up 3.4 %

Shares of Gold Fields stock traded up $0.53 during trading hours on Friday, reaching $16.32. 3,642,955 shares of the company's stock were exchanged, compared to its average volume of 4,274,569. The company has a 50 day moving average of $16.40 and a two-hundred day moving average of $14.77. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. Gold Fields Limited has a fifty-two week low of $10.31 and a fifty-two week high of $18.97.

Gold Fields (NYSE:GFI - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.10. On average, research analysts expect that Gold Fields Limited will post 1.53 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. Investors of record on Friday, March 15th were issued a dividend of $0.1717 per share. This represents a yield of 2.5%. This is an increase from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Thursday, March 14th.

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.