First Trust Advisors LP Acquires 2,412 Shares of Gold Fields Limited (NYSE:GFI)

First Trust Advisors LP grew its stake in shares of Gold Fields Limited (NYSE:GFI) by 9.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 27,944 shares of the company’s stock after purchasing an additional 2,412 shares during the quarter. First Trust Advisors LP’s holdings in Gold Fields were worth $369,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GFI. DJE Kapital AG bought a new position in Gold Fields during the 4th quarter valued at approximately $33,486,000. Marshall Wace LLP raised its holdings in shares of Gold Fields by 1,594.7% during the fourth quarter. Marshall Wace LLP now owns 2,114,631 shares of the company’s stock valued at $27,913,000 after acquiring an additional 1,989,849 shares in the last quarter. Bridgewater Associates LP boosted its holdings in Gold Fields by 97.1% in the fourth quarter. Bridgewater Associates LP now owns 815,113 shares of the company’s stock valued at $10,759,000 after acquiring an additional 401,567 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Gold Fields during the 4th quarter valued at $4,979,000. Finally, Capital Fund Management S.A. purchased a new position in Gold Fields during the 4th quarter valued at $4,619,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Stock Up 1.9 %

GFI opened at $22.55 on Friday. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $25.52. The company has a market capitalization of $20.18 billion, a P/E ratio of 9.60, a PEG ratio of 0.30 and a beta of 0.57. The stock’s fifty day moving average is $21.84 and its two-hundred day moving average is $17.92.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a dividend of $0.3752 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s dividend payout ratio is currently 25.96%.

Analyst Ratings Changes

Several research firms recently weighed in on GFI. HSBC restated a “hold” rating and set a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. Hsbc Global Res raised shares of Gold Fields to a “hold” rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. increased their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Scotiabank lifted their target price on shares of Gold Fields from $20.00 to $23.00 and gave the company a “sector perform” rating in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.56.

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.