International Assets Investment Management LLC Invests $10.60 Million in Gold Fields Limited (NYSE:GFI)

International Assets Investment Management LLC acquired a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 69,075 shares of the company's stock, valued at approximately $10,600,000.

Other large investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC bought a new stake in Gold Fields in the first quarter valued at $85,326,000. RWC Asset Management LLP increased its holdings in shares of Gold Fields by 10.0% in the 2nd quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company's stock worth $53,476,000 after acquiring an additional 324,885 shares during the period. Mackenzie Financial Corp lifted its position in Gold Fields by 28.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company's stock valued at $38,878,000 after purchasing an additional 581,730 shares during the last quarter. National Bank of Canada FI boosted its stake in Gold Fields by 6.3% during the 2nd quarter. National Bank of Canada FI now owns 1,760,789 shares of the company's stock valued at $26,165,000 after purchasing an additional 104,145 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Gold Fields by 66.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company's stock worth $21,263,000 after purchasing an additional 551,210 shares during the last quarter. Institutional investors own 26.02% of the company's stock.

Gold Fields Stock Down 3.5 %

NYSE GFI traded down $0.60 on Thursday, reaching $16.49. 3,242,750 shares of the stock traded hands, compared to its average volume of 3,690,327. Gold Fields Limited has a 12 month low of $12.19 and a 12 month high of $18.97. The company has a market cap of $14.76 billion, a price-to-earnings ratio of 8.63, a P/E/G ratio of 0.52 and a beta of 1.18. The firm's fifty day simple moving average is $15.42 and its 200 day simple moving average is $15.85.

Gold Fields Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were paid a dividend of $0.1692 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 2.2%. Gold Fields's dividend payout ratio is currently 14.14%.

Wall Street Analysts Forecast Growth

GFI has been the topic of a number of recent analyst reports. Bank of America started coverage on Gold Fields in a report on Monday, September 16th. They set a "buy" rating and a $16.00 price target on the stock. StockNews.com upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Monday. Scotiabank reduced their price target on Gold Fields from $18.00 to $17.00 and set a "sector perform" rating for the company in a research report on Monday, August 26th. JPMorgan Chase & Co. decreased their price target on Gold Fields from $17.50 to $16.70 and set a "neutral" rating for the company in a research note on Wednesday, July 3rd. Finally, Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $15.93.

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.