Capital Fund Management S.A. Buys New Position in Gold Fields Limited (NYSE:GFI)

Capital Fund Management S.A. purchased a new position in Gold Fields Limited (NYSE:GFI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 349,887 shares of the company's stock, valued at approximately $4,619,000.

Other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC grew its position in shares of Gold Fields by 0.5% during the fourth quarter. HighTower Advisors LLC now owns 105,174 shares of the company's stock worth $1,388,000 after buying an additional 573 shares in the last quarter. Rhumbline Advisers grew its holdings in Gold Fields by 4.3% during the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock worth $229,000 after acquiring an additional 720 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its position in shares of Gold Fields by 3.4% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company's stock worth $638,000 after purchasing an additional 1,583 shares during the last quarter. Signaturefd LLC raised its stake in shares of Gold Fields by 19.1% in the 4th 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. Finally, US Bancorp DE lifted its position 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 worth $152,000 after purchasing an additional 1,829 shares during the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on GFI. Scotiabank upped their price objective on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. raised their target price on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a report on Wednesday, January 15th. HSBC restated a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a research note on Thursday. Finally, StockNews.com downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $18.56.

Gold Fields Price Performance

Shares of NYSE GFI traded down $0.63 during midday trading on Friday, hitting $24.04. 4,859,660 shares of the company's stock were exchanged, compared to its average volume of 3,664,572. The firm has a market cap of $21.52 billion, a P/E ratio of 10.23, a PEG ratio of 0.30 and a beta of 0.92. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $25.52. The stock's 50 day moving average price is $20.75 and its 200-day moving average price is $17.28.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a $0.3752 dividend. This represents a yield of 1.6%. The ex-dividend date was Friday, March 14th. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's dividend payout ratio is currently 25.96%.

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.