Renaissance Technologies LLC Decreases Holdings in Gold Fields Limited (NYSE:GFI)

Renaissance Technologies LLC lowered its position in Gold Fields Limited (NYSE:GFI - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,167,749 shares of the company's stock after selling 318,100 shares during the period. Renaissance Technologies LLC owned 0.24% of Gold Fields worth $28,614,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. ABC Arbitrage SA bought a new position in shares of Gold Fields in the 4th quarter worth $1,641,000. Raymond James Financial Inc. acquired a new position in Gold Fields during the fourth quarter worth $362,000. Rhumbline Advisers lifted its stake in shares of Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after buying an additional 720 shares in the last quarter. Range Financial Group LLC bought a new stake in shares of Gold Fields during the fourth quarter worth about $770,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Gold Fields by 8.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock worth $21,194,000 after acquiring an additional 122,247 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Analyst Upgrades and Downgrades

GFI has been the subject of a number of analyst reports. StockNews.com upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Thursday, April 10th. JPMorgan Chase & Co. upped their price target on Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a report on Wednesday, January 15th. Finally, Scotiabank lifted their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.95.

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Gold Fields Trading Up 0.8 %

Shares of NYSE GFI traded up $0.19 during midday trading on Tuesday, hitting $23.88. The company's stock had a trading volume of 2,786,041 shares, compared to its average volume of 3,636,070. The stock has a fifty day moving average price of $20.34 and a 200 day moving average price of $17.06. The firm has a market capitalization of $21.37 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 0.30 and a beta of 0.92. Gold Fields Limited has a one year low of $12.98 and a one year high of $25.01.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid 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 was Friday, March 14th. Gold Fields's payout ratio 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.