27,474 Shares in Gold Fields Limited (NYSE:GFI) Bought by Rakuten Securities Inc.

Rakuten Securities Inc. bought a new position in Gold Fields Limited (NYSE:GFI) in the fourth quarter, Holdings Channel.com reports. The firm bought 27,474 shares of the company’s stock, valued at approximately $397,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in Gold Fields by 136.9% in the 4th quarter. SG Americas Securities LLC now owns 221,921 shares of the company’s stock worth $3,209,000 after acquiring an additional 128,262 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Gold Fields during the 3rd quarter worth about $2,046,000. Capricorn Fund Managers Ltd acquired a new stake in Gold Fields during the 4th quarter worth about $3,897,000. Seven Eight Capital LP acquired a new stake in Gold Fields during the 3rd quarter worth about $165,000. Finally, Advisors Asset Management Inc. grew its position in Gold Fields by 36.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 71,868 shares of the company’s stock worth $780,000 after purchasing an additional 19,149 shares during the period. Hedge funds and other institutional investors own 26.02% of the company’s stock.

Gold Fields Trading Down 0.9 %

Shares of NYSE:GFI traded down $0.16 during trading on Wednesday, reaching $17.44. 5,495,600 shares of the company’s stock traded hands, compared to its average volume of 4,568,914. 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 fifty-two week low of $10.31 and a fifty-two week high of $18.97. The company has a 50-day simple moving average of $14.97 and a 200-day simple moving average of $14.18.

Gold Fields (NYSE:GFI) last released its earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.10. On average, equities research analysts predict that Gold Fields Limited will post 1.15 EPS for the current fiscal year.

Gold Fields Increases Dividend

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

Analysts Set New Price Targets

GFI has been the topic of several analyst reports. 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 report on Friday, February 2nd. UBS Group downgraded Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Scotiabank cut their price target on Gold Fields from $15.50 to $15.00 and set a “sector perform” rating on the stock in a research report on Monday, February 26th. Finally, StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Three investment 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’s stock. According to MarketBeat.com, Gold Fields has an average rating of “Hold” and a consensus 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.