27,445 Shares in Gold Fields Limited (NYSE:GFI) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 27,445 shares of the company's stock, valued at approximately $362,000.

Other large investors have also added to or reduced their stakes in the company. FCA Corp TX purchased a new stake in Gold Fields during the fourth quarter valued at about $108,000. Net Worth Advisory Group purchased a new stake in Gold Fields during the fourth quarter valued at about $136,000. Signaturefd LLC raised its position in Gold Fields by 19.1% during the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company's stock valued at $136,000 after purchasing an additional 1,656 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Gold Fields during the fourth quarter valued at about $141,000. Finally, US Bancorp DE grew its stake in shares of Gold Fields by 18.9% during the fourth quarter. US Bancorp DE now owns 11,484 shares of the company's stock valued at $152,000 after buying an additional 1,829 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Hsbc Global Res raised Gold Fields to a "hold" rating in a research note on Thursday, April 17th. StockNews.com cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. Scotiabank lifted their price objective on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. HSBC reaffirmed a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $18.56.

Gold Fields Stock Up 2.9%

Shares of GFI stock traded up $0.59 during trading hours on Thursday, hitting $20.62. 1,394,571 shares of the company's stock traded hands, compared to its average volume of 3,719,359. The stock's fifty day simple moving average is $21.87 and its two-hundred day simple moving average is $17.97. Gold Fields Limited has a 12-month low of $12.98 and a 12-month high of $25.52. The stock has a market cap of $18.46 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.30 and a beta of 0.57.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a dividend of $0.3752 per share. This represents a dividend yield of 1.6%. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Friday, March 14th. Gold Fields's dividend payout ratio (DPR) is presently 25.96%.

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.