Ruffer LLP Acquires 199,886 Shares of Gold Fields Limited (NYSE:GFI)

Ruffer LLP grew its position in Gold Fields Limited (NYSE:GFI - Free Report) by 98.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 402,084 shares of the company's stock after purchasing an additional 199,886 shares during the quarter. Ruffer LLP's holdings in Gold Fields were worth $5,308,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GFI. US Bancorp DE increased its stake in Gold Fields by 18.9% during the 4th quarter. US Bancorp DE now owns 11,484 shares of the company's stock worth $152,000 after acquiring an additional 1,829 shares during the period. QRG Capital Management Inc. acquired a new position in Gold Fields in the third quarter valued at about $160,000. Concurrent Investment Advisors LLC grew its stake in Gold Fields by 8.3% during the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company's stock worth $170,000 after buying an additional 850 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Gold Fields in the 3rd quarter valued at approximately $209,000. Finally, Rhumbline Advisers boosted its position in shares of 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. Institutional investors own 24.81% of the company's stock.

Gold Fields Stock Up 2.9 %

GFI traded up $0.59 during midday trading on Thursday, hitting $20.77. 4,048,919 shares of the company were exchanged, compared to its average volume of 3,067,177. The firm has a market capitalization of $18.59 billion, a P/E ratio of 8.84, a P/E/G ratio of 0.30 and a beta of 1.14. The firm's 50 day moving average price is $17.41 and its 200-day moving average price is $15.81. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $20.83.

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Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be given a $0.3752 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 1.6%. This is an increase from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's payout ratio is 25.53%.

Analysts Set New Price Targets

GFI has been the subject of several recent analyst reports. StockNews.com downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 6th. Scotiabank raised their price objective on Gold Fields from $18.00 to $20.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their target price on Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. Four 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, Gold Fields presently has a consensus rating of "Hold" and a consensus target price of $17.20.

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.