First Eagle Investment Management LLC Cuts Stock Holdings in Gold Fields Limited (NYSE:GFI)

First Eagle Investment Management LLC trimmed its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,191,489 shares of the company's stock after selling 921,058 shares during the period. First Eagle Investment Management LLC owned about 0.69% of Gold Fields worth $81,728,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GFI. Metis Global Partners LLC raised its stake in shares of Gold Fields by 49.7% during the third quarter. Metis Global Partners LLC now owns 43,238 shares of the company's stock valued at $664,000 after acquiring an additional 14,352 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Gold Fields during the third quarter valued at about $209,000. Massachusetts Financial Services Co. MA raised its stake in shares of Gold Fields by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company's stock valued at $94,492,000 after acquiring an additional 580,546 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Gold Fields by 131.0% during the third quarter. Cerity Partners LLC now owns 31,152 shares of the company's stock valued at $478,000 after acquiring an additional 17,664 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Gold Fields by 36.9% during the third quarter. Bank of Montreal Can now owns 263,575 shares of the company's stock valued at $4,280,000 after acquiring an additional 71,094 shares during the last quarter. 24.81% of the stock is owned by institutional investors.

Remove Ads

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GFI. StockNews.com raised shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Friday. Scotiabank increased their price target 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $17.20.

Gold Fields Trading Up 3.2 %

GFI traded up $0.66 during midday trading on Tuesday, reaching $21.31. The company's stock had a trading volume of 4,145,144 shares, compared to its average volume of 3,099,824. The firm has a market capitalization of $19.07 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.30 and a beta of 1.14. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $21.50. The stock's 50-day moving average is $17.80 and its 200-day moving average is $15.96.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a $0.3752 dividend. This represents a yield of 1.6%. The ex-dividend date is Friday, March 14th. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's dividend payout ratio is 25.53%.

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.