Balyasny Asset Management L.P. Sells 58,942 Shares of Gold Fields Limited (NYSE:GFI)

Balyasny Asset Management L.P. reduced its holdings in Gold Fields Limited (NYSE:GFI) by 52.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,018 shares of the company’s stock after selling 58,942 shares during the period. Balyasny Asset Management L.P.’s holdings in Gold Fields were worth $700,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. ABC Arbitrage SA acquired a new stake in shares of Gold Fields during the 4th quarter worth approximately $1,641,000. Raymond James Financial Inc. acquired a new stake in shares of Gold Fields during the 4th quarter worth approximately $362,000. Rhumbline Advisers grew its holdings 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 purchasing an additional 720 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Gold Fields by 8.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company’s stock worth $21,194,000 after purchasing an additional 122,247 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Gold Fields by 42.3% during the 4th quarter. SG Americas Securities LLC now owns 87,990 shares of the company’s stock worth $1,161,000 after purchasing an additional 26,143 shares in the last quarter. 24.81% of the stock is owned by institutional investors.

Gold Fields Price Performance

Shares of NYSE:GFI opened at $20.75 on Friday. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 0.30 and a beta of 0.57. The business’s fifty day moving average price is $21.89 and its two-hundred day moving average price is $17.99. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $25.52.

Gold Fields Increases Dividend

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

Analyst Ratings Changes

Several analysts have recently weighed in on GFI shares. Hsbc Global Res raised Gold Fields to a “hold” rating in a report on Thursday, April 17th. Scotiabank upped their price target on Gold Fields from $20.00 to $23.00 and gave the company a “sector perform” rating in a research report on Monday, April 14th. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 7th. Finally, HSBC reiterated a “hold” rating and issued a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.56.

Gold Fields 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.