Gold Fields Limited (NYSE:GFI) Shares Acquired by RWC Asset Advisors US LLC

RWC Asset Advisors US LLC lifted its stake in Gold Fields Limited (NYSE:GFI) by 19.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,810,699 shares of the company’s stock after buying an additional 2,070,427 shares during the period. Gold Fields comprises approximately 14.7% of RWC Asset Advisors US LLC’s holdings, making the stock its 2nd largest holding. RWC Asset Advisors US LLC’s holdings in Gold Fields were worth $185,243,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GFI. GAMMA Investing LLC acquired a new stake in Gold Fields during the 4th quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in Gold Fields during the 3rd quarter valued at $100,000. Cerity Partners LLC acquired a new stake in Gold Fields during the 4th quarter valued at $149,000. Symmetry Partners LLC acquired a new stake in Gold Fields during the 4th quarter valued at $150,000. Finally, QRG Capital Management Inc. acquired a new stake in Gold Fields during the 3rd quarter valued at $116,000. 26.02% of the stock is owned by institutional investors and hedge funds.

Gold Fields Stock Performance

GFI traded up $0.13 during mid-day trading on Friday, reaching $17.53. The stock had a trading volume of 3,279,854 shares, compared to its average volume of 4,819,557. Gold Fields Limited has a 52 week low of $10.31 and a 52 week high of $18.97. The company has a quick ratio of 0.70, a current ratio of 1.25 and a debt-to-equity ratio of 0.22. The firm’s fifty day simple moving average is $15.58 and its two-hundred day simple moving average is $14.49.

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, topping the consensus estimate of $0.15 by $0.10. On average, equities research analysts forecast that Gold Fields Limited will post 1.53 earnings per share for the current year.

Gold Fields Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GFI. BMO Capital Markets cut Gold Fields from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $14.00 to $12.00 in a report on Friday, February 2nd. StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. UBS Group lowered Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Finally, Scotiabank decreased their price objective 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. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Gold Fields has an average rating of “Hold” and an average target price of $13.67.

Gold Fields Company 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.