ExodusPoint Capital Management LP Makes New Investment in Gold Fields Limited (NYSE:GFI)

ExodusPoint Capital Management LP bought 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 and Exchange Commission. The fund bought 187,464 shares of the company's stock, valued at approximately $2,475,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FCA Corp TX purchased a new position in Gold Fields during the 4th quarter valued at about $108,000. Net Worth Advisory Group purchased a new position in shares of Gold Fields during the fourth quarter valued at approximately $136,000. Signaturefd LLC boosted its position in shares of Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company's stock worth $136,000 after purchasing an additional 1,656 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Gold Fields in the 4th quarter worth approximately $141,000. Finally, US Bancorp DE increased its position in Gold Fields by 18.9% during the 4th 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 in the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GFI has been the topic of a number of recent research reports. StockNews.com raised Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. Finally, Scotiabank upped their target price on shares of Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Gold Fields currently has an average rating of "Moderate Buy" and an average price target of $17.20.

Remove Ads

Gold Fields Stock Up 4.7 %

GFI traded up $1.09 during midday trading on Friday, hitting $24.49. 6,418,814 shares of the company traded hands, compared to its average volume of 3,618,277. The company's 50-day moving average is $20.23 and its 200 day moving average is $17.00. The firm has a market capitalization of $21.92 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.30 and a beta of 0.92. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $25.01.

Gold Fields Increases Dividend

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

About Gold Fields

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.