Sequoia Financial Advisors LLC Increases Stock Position in Gold Fields Limited (NYSE:GFI)

Sequoia Financial Advisors LLC grew its stake in shares of Gold Fields Limited (NYSE:GFI) by 2.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 33,840 shares of the company’s stock after buying an additional 949 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Gold Fields were worth $489,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Scotia Capital Inc. grew its stake in shares of Gold Fields by 3.6% during the 3rd quarter. Scotia Capital Inc. now owns 23,623 shares of the company’s stock valued at $257,000 after buying an additional 820 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Gold Fields by 7.6% during the 3rd quarter. Ballentine Partners LLC now owns 11,675 shares of the company’s stock valued at $127,000 after acquiring an additional 821 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Gold Fields by 5.9% during the 1st quarter. Ameriprise Financial Inc. now owns 16,770 shares of the company’s stock valued at $223,000 after acquiring an additional 934 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Gold Fields by 4.7% during the 3rd quarter. Metis Global Partners LLC now owns 20,765 shares of the company’s stock valued at $226,000 after acquiring an additional 937 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Gold Fields by 100.8% during the 2nd quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock valued at $25,000 after acquiring an additional 1,376 shares in the last quarter. 26.02% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Trading Down 1.0 %

Shares of GFI stock opened at $17.42 on Wednesday. The company’s fifty day moving average price is $14.97 and its two-hundred day moving average price is $14.18. Gold Fields Limited has a 12 month low of $10.31 and a 12 month high of $18.97. 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 (NYSE:GFI) last announced its quarterly earnings data 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. On average, research analysts anticipate that Gold Fields Limited will post 1.15 earnings per share for the current fiscal year.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.1717 per share. This represents a dividend yield of 2.5%. 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.

Analyst Upgrades and Downgrades

GFI has been the topic of several recent research reports. StockNews.com upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. BMO Capital Markets lowered shares of Gold Fields from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $14.00 to $12.00 in a report on Friday, February 2nd. UBS Group lowered shares of Gold Fields from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th. Finally, Scotiabank cut their price objective on shares of Gold Fields from $15.50 to $15.00 and set a “sector perform” rating on the stock in a report on Monday, February 26th. Three equities research 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 MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.