Victory Capital Management Inc. Acquires 121,765 Shares of Gold Fields Limited (NYSE:GFI)

Victory Capital Management Inc. boosted its stake in shares of Gold Fields Limited (NYSE:GFI) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,187,779 shares of the company’s stock after buying an additional 121,765 shares during the quarter. Victory Capital Management Inc.’s holdings in Gold Fields were worth $31,635,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in GFI. Van ECK Associates Corp boosted its stake in Gold Fields by 15.1% in the third quarter. Van ECK Associates Corp now owns 46,158,985 shares of the company’s stock valued at $501,287,000 after acquiring an additional 6,053,995 shares during the last quarter. RWC Asset Advisors US LLC lifted its stake in Gold Fields by 19.3% in the fourth quarter. RWC Asset Advisors US LLC now owns 12,810,699 shares of the company’s stock valued at $185,243,000 after purchasing an additional 2,070,427 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Gold Fields by 1.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,307,120 shares of the company’s stock valued at $35,915,000 after purchasing an additional 31,123 shares during the period. Schroder Investment Management Group increased its position in Gold Fields by 11.1% in the third quarter. Schroder Investment Management Group now owns 3,101,543 shares of the company’s stock worth $33,683,000 after buying an additional 308,972 shares during the last quarter. Finally, RWC Asset Management LLP raised its stake in shares of Gold Fields by 16.6% in the fourth quarter. RWC Asset Management LLP now owns 3,052,875 shares of the company’s stock valued at $44,145,000 after buying an additional 435,175 shares during the period. Institutional investors own 26.02% of the company’s stock.

Gold Fields Trading Down 4.0 %

Shares of GFI opened at $15.90 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 0.70. Gold Fields Limited has a 52-week low of $10.31 and a 52-week high of $18.97. The stock’s 50-day simple moving average is $16.07 and its 200 day simple moving average is $14.64.

Gold Fields (NYSE:GFI) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. Research analysts forecast that Gold Fields Limited will post 1.53 earnings per share for the current fiscal year.

Gold Fields Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. BMO Capital Markets downgraded Gold Fields from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $14.00 to $12.00 in a research note on Friday, February 2nd. UBS Group lowered shares of Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Finally, Scotiabank cut their price objective on shares of Gold Fields from $15.50 to $15.00 and set a “sector perform” rating for the company in a report on Monday, February 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.67.

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.