Ashton Thomas Private Wealth LLC Acquires New Shares in Gold Fields Limited (NYSE:GFI)

Ashton Thomas Private Wealth LLC purchased a new stake in Gold Fields Limited (NYSE:GFI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 377,182 shares of the company's stock, valued at approximately $4,979,000.

Other large investors have also recently bought and sold shares of the company. QRG Capital Management Inc. acquired a new stake in shares of Gold Fields in the 3rd quarter valued at $160,000. Concurrent Investment Advisors LLC boosted its position in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company's stock valued at $170,000 after buying an additional 850 shares in the last quarter. US Bancorp DE grew its stake in Gold Fields by 18.9% during the fourth quarter. US Bancorp DE now owns 11,484 shares of the company's stock worth $152,000 after buying an additional 1,829 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Gold Fields during the third quarter worth approximately $209,000. Finally, Rakuten Securities Inc. raised its stake in shares of Gold Fields by 90.7% in the third quarter. Rakuten Securities Inc. now owns 16,562 shares of the company's stock valued at $254,000 after acquiring an additional 7,879 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GFI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. StockNews.com cut Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Thursday. Finally, Scotiabank lifted their price target on Gold Fields from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $17.20.

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Gold Fields Stock Performance

GFI traded up $0.93 during trading on Friday, reaching $20.25. 4,242,467 shares of the company's stock were exchanged, compared to its average volume of 2,989,538. The company's fifty day moving average price is $16.99 and its 200-day moving average price is $15.72. The firm has a market capitalization of $18.12 billion, a PE ratio of 8.62, a P/E/G ratio of 0.30 and a beta of 1.14. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $20.40.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be issued a $0.3752 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's dividend payout ratio is currently 11.49%.

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.