Ballentine Partners LLC Has $197,000 Stock Holdings in Gold Fields Limited (NYSE:GFI)

Ballentine Partners LLC reduced its position in Gold Fields Limited (NYSE:GFI) by 5.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 13,246 shares of the company’s stock after selling 771 shares during the period. Ballentine Partners LLC’s holdings in Gold Fields were worth $197,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Caprock Group LLC raised its stake in Gold Fields by 836.6% in the second quarter. Caprock Group LLC now owns 110,299 shares of the company’s stock valued at $1,643,000 after buying an additional 98,523 shares during the period. Custom Index Systems LLC acquired a new position in shares of Gold Fields during the 2nd quarter worth approximately $280,000. Candriam S.C.A. bought a new stake in Gold Fields in the 2nd quarter valued at $189,000. National Bank of Canada FI lifted its holdings in Gold Fields by 6.3% during the 2nd quarter. National Bank of Canada FI now owns 1,760,789 shares of the company’s stock valued at $26,165,000 after purchasing an additional 104,145 shares during the last quarter. Finally, Range Financial Group LLC bought a new position in Gold Fields during the second quarter worth $1,243,000. 26.02% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Up 3.4 %

GFI stock opened at $14.02 on Friday. Gold Fields Limited has a 52 week low of $10.31 and a 52 week high of $18.97. The business has a 50-day simple moving average of $15.53 and a 200 day simple moving average of $15.68. The company has a quick ratio of 0.70, a current ratio of 1.77 and a debt-to-equity ratio of 0.33. The company has a market cap of $12.54 billion, a PE ratio of 8.05 and a beta of 1.18.

Gold Fields Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 13th will be paid a $0.1692 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a yield of 2.2%. Gold Fields’s dividend payout ratio (DPR) is 20.11%.

Analysts Set New Price Targets

GFI has been the subject of a number of research reports. Scotiabank cut their target price on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. JPMorgan Chase & Co. cut their price objective on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Finally, BMO Capital Markets upgraded Gold Fields from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $13.50 to $14.00 in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.90.

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.