Rakuten Securities Inc. Invests $397,000 in Gold Fields Limited (NYSE:GFI)

Rakuten Securities Inc. purchased a new position in shares of Gold Fields Limited (NYSE:GFI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 27,474 shares of the company’s stock, valued at approximately $397,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GFI. Van ECK Associates Corp grew its holdings 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 purchasing an additional 6,053,995 shares during the period. Balyasny Asset Management LLC grew its holdings in Gold Fields by 6,833.8% in the third quarter. Balyasny Asset Management LLC now owns 3,466,882 shares of the company’s stock valued at $28,047,000 after purchasing an additional 3,416,882 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Gold Fields by 118.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,107,356 shares of the company’s stock valued at $78,960,000 after purchasing an additional 2,772,894 shares during the period. BlackRock Inc. grew its holdings in Gold Fields by 10.2% in the first quarter. BlackRock Inc. now owns 25,589,382 shares of the company’s stock valued at $395,611,000 after purchasing an additional 2,368,601 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Gold Fields by 48.9% in the second quarter. Goldman Sachs Group Inc. now owns 5,056,783 shares of the company’s stock valued at $69,935,000 after purchasing an additional 1,659,847 shares during the period. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Stock Down 0.9 %

GFI traded down $0.16 during trading on Wednesday, hitting $17.44. The company had a trading volume of 5,495,600 shares, compared to its average volume of 4,568,914. The business has a 50-day moving average of $14.97 and a 200-day moving average of $14.18. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. Gold Fields Limited has a 1-year low of $10.31 and a 1-year high of $18.97.

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

Gold Fields Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on GFI. BMO Capital Markets downgraded shares of Gold Fields from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $14.00 to $12.00 in a report on Friday, February 2nd. Scotiabank reduced their price target on shares of 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. UBS Group cut shares of Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Finally, StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Gold Fields presently 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.