Rhumbline Advisers Purchases 720 Shares of Gold Fields Limited (NYSE:GFI)

Rhumbline Advisers boosted its position in Gold Fields Limited (NYSE:GFI) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,332 shares of the company’s stock after purchasing an additional 720 shares during the period. Rhumbline Advisers’ holdings in Gold Fields were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. QRG Capital Management Inc. bought a new stake in shares of Gold Fields during the 3rd quarter worth approximately $160,000. Concurrent Investment Advisors LLC increased its stake in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after purchasing an additional 850 shares during the period. CWA Asset Management Group LLC purchased a new stake in Gold Fields in the third quarter worth $1,052,000. Rakuten Securities Inc. lifted its position in shares of Gold Fields by 90.7% during the third quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock worth $254,000 after purchasing an additional 7,879 shares during the last quarter. Finally, Metis Global Partners LLC boosted its stake in shares of Gold Fields by 49.7% during the third quarter. Metis Global Partners LLC now owns 43,238 shares of the company’s stock valued at $664,000 after purchasing an additional 14,352 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Performance

NYSE GFI opened at $20.25 on Monday. Gold Fields Limited has a one year low of $12.98 and a one year high of $20.40. The company has a market capitalization of $18.12 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The company’s 50-day simple moving average is $16.99 and its two-hundred day simple moving average is $15.71.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be issued a dividend of $0.3752 per share. This represents a yield of 1.6%. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, March 14th. Gold Fields’s dividend payout ratio (DPR) is presently 11.49%.

Wall Street Analysts Forecast Growth

GFI has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. StockNews.com lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, Scotiabank boosted their price target on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.20.

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.