DekaBank Deutsche Girozentrale Acquires 10,100 Shares of Gold Fields Limited (NYSE:GFI)

DekaBank Deutsche Girozentrale increased its holdings in Gold Fields Limited (NYSE:GFI) by 9.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 120,100 shares of the company’s stock after buying an additional 10,100 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Gold Fields were worth $1,712,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in Gold Fields in the 4th quarter worth about $1,443,000. Ballentine Partners LLC increased its holdings in Gold Fields by 12.3% in the 4th quarter. Ballentine Partners LLC now owns 13,116 shares of the company’s stock worth $190,000 after buying an additional 1,441 shares in the last quarter. Blue Trust Inc. increased its holdings in Gold Fields by 5.0% in the 4th quarter. Blue Trust Inc. now owns 54,968 shares of the company’s stock worth $795,000 after buying an additional 2,601 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Gold Fields by 97.9% in the 4th quarter. Ritholtz Wealth Management now owns 24,461 shares of the company’s stock worth $354,000 after buying an additional 12,100 shares in the last quarter. Finally, Raymond James & Associates bought a new stake in Gold Fields in the 4th quarter worth about $1,427,000. 26.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. Scotiabank cut their price target on Gold Fields from $15.50 to $15.00 and set a “sector perform” rating for the company in a research note on Monday, February 26th. BMO Capital Markets downgraded Gold Fields from a “market perform” rating to an “underperform” rating and cut their price target for the company from $14.00 to $12.00 in a research note on Friday, February 2nd. Finally, UBS Group downgraded Gold Fields from a “buy” rating to a “neutral” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.67.

Gold Fields Stock Down 0.2 %

Shares of NYSE:GFI opened at $18.16 on Friday. The stock has a 50 day moving average of $14.84 and a 200 day moving average of $14.07. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. Gold Fields Limited has a 12-month low of $10.31 and a 12-month high of $18.97.

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

Gold Fields Increases Dividend

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

Gold Fields Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.