South Street Advisors LLC Sells 80,020 Shares of Gold Fields Limited (NYSE:GFI)

South Street Advisors LLC cut its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 771,077 shares of the company's stock after selling 80,020 shares during the period. South Street Advisors LLC owned about 0.09% of Gold Fields worth $10,178,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its position in shares of Gold Fields by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company's stock worth $94,492,000 after purchasing an additional 580,546 shares during the period. Amundi lifted its position in shares of Gold Fields by 7.3% in the 4th quarter. Amundi now owns 3,107,369 shares of the company's stock worth $44,684,000 after purchasing an additional 211,333 shares during the period. RWC Asset Management LLP lifted its position in shares of Gold Fields by 9.2% in the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock worth $35,784,000 after purchasing an additional 227,704 shares during the period. DJE Kapital AG acquired a new position in shares of Gold Fields in the 4th quarter worth approximately $33,486,000. Finally, Bamco Inc. NY lifted its position in shares of Gold Fields by 4.8% in the 3rd quarter. Bamco Inc. NY now owns 2,018,817 shares of the company's stock worth $30,989,000 after purchasing an additional 92,571 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research note on Wednesday, January 15th. StockNews.com lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Finally, Scotiabank lifted their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $17.20.

Remove Ads

Gold Fields Stock Down 1.4 %

GFI stock traded down $0.30 during midday trading on Friday, reaching $21.56. 5,781,325 shares of the company's stock traded hands, compared to its average volume of 3,156,350. The company has a market cap of $19.30 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 0.30 and a beta of 1.14. The firm's fifty day moving average price is $18.38 and its 200-day moving average price is $16.15. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $22.18.

Gold Fields Increases Dividend

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

Gold Fields Company 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.