Raymond James & Associates Buys Shares of 98,690 Gold Fields Limited (NYSE:GFI)

Raymond James & Associates purchased a new position in shares of Gold Fields Limited (NYSE:GFI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 98,690 shares of the company’s stock, valued at approximately $1,427,000.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC grew its position in shares of Gold Fields by 136.9% during the fourth quarter. SG Americas Securities LLC now owns 221,921 shares of the company’s stock worth $3,209,000 after acquiring an additional 128,262 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Gold Fields during the third quarter worth about $2,046,000. Capricorn Fund Managers Ltd bought a new position in shares of Gold Fields during the fourth quarter worth about $3,897,000. Seven Eight Capital LP bought a new position in shares of Gold Fields during the third quarter worth about $165,000. Finally, Advisors Asset Management Inc. grew its position in shares of Gold Fields by 36.3% during the third quarter. Advisors Asset Management Inc. now owns 71,868 shares of the company’s stock worth $780,000 after acquiring an additional 19,149 shares during the last quarter. Institutional investors own 26.02% of the company’s stock.

Gold Fields Price Performance

Shares of NYSE GFI opened at $17.65 on Friday. Gold Fields Limited has a twelve month low of $10.31 and a twelve month high of $18.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 0.70. The firm has a 50-day moving average of $15.21 and a two-hundred day moving average of $14.28.

Gold Fields (NYSE:GFI) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. As a group, research analysts expect that Gold Fields Limited will post 1.15 EPS for the current fiscal year.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.1717 dividend. This represents a yield of 2.5%. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date was Thursday, March 14th.

Analysts Set New Price Targets

GFI has been the subject of several recent research reports. BMO Capital Markets lowered shares of Gold Fields from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $14.00 to $12.00 in a research report on Friday, February 2nd. StockNews.com upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. UBS Group lowered shares of Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Finally, Scotiabank decreased their target price on shares of Gold Fields from $15.50 to $15.00 and set a “sector perform” rating for the company in a research report on Monday, February 26th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Gold Fields presently has an average rating of “Hold” and an average price target of $13.67.

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.