Raymond James Financial Inc. Invests $362,000 in Gold Fields Limited (NYSE:GFI)

Raymond James Financial Inc. bought a new stake in Gold Fields Limited (NYSE:GFI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,445 shares of the company’s stock, valued at approximately $362,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. FCA Corp TX acquired a new position in shares of Gold Fields in the fourth quarter valued at approximately $108,000. Net Worth Advisory Group bought a new stake in shares of Gold Fields in the 4th quarter valued at about $136,000. Signaturefd LLC increased its stake in shares of Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after buying an additional 1,656 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Gold Fields during the fourth quarter worth about $141,000. Finally, US Bancorp DE raised its position in shares of Gold Fields by 18.9% during the fourth quarter. US Bancorp DE now owns 11,484 shares of the company’s stock worth $152,000 after acquiring an additional 1,829 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GFI shares. 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 objective on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. HSBC restated a “hold” rating and issued a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. Scotiabank increased their price target on Gold Fields from $20.00 to $23.00 and gave the stock a “sector perform” rating in a report on Monday, April 14th. Finally, StockNews.com downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.56.

Gold Fields Price Performance

Shares of GFI opened at $22.55 on Friday. The stock has a 50-day moving average of $21.84 and a 200-day moving average of $17.92. Gold Fields Limited has a one year low of $12.98 and a one year high of $25.52. The company has a market cap of $20.18 billion, a PE ratio of 9.60, a P/E/G ratio of 0.30 and a beta of 0.57.

Gold Fields Increases Dividend

The company 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 is an increase from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 1.6%. Gold Fields’s payout ratio is currently 25.96%.

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.