RWC Asset Management LLP Purchases 435,175 Shares of Gold Fields Limited (NYSE:GFI)

RWC Asset Management LLP lifted its position in shares of Gold Fields Limited (NYSE:GFI) by 16.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,052,875 shares of the company’s stock after purchasing an additional 435,175 shares during the quarter. Gold Fields accounts for 2.7% of RWC Asset Management LLP’s investment portfolio, making the stock its 9th largest holding. RWC Asset Management LLP owned 0.34% of Gold Fields worth $44,145,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GFI. GAMMA Investing LLC purchased a new stake in Gold Fields in the 4th quarter valued at $26,000. Headlands Technologies LLC purchased a new stake in Gold Fields in the 3rd quarter valued at $100,000. QRG Capital Management Inc. purchased a new stake in Gold Fields in the 3rd quarter valued at $116,000. Balentine LLC purchased a new stake in Gold Fields in the 3rd quarter valued at $120,000. Finally, MQS Management LLC purchased a new stake in Gold Fields in the 3rd quarter valued at $125,000. 26.02% of the stock is owned by institutional investors and hedge funds.

Gold Fields Stock Up 0.7 %

Shares of GFI stock traded up $0.13 on Friday, hitting $17.53. 3,279,854 shares of the stock were exchanged, compared to its average volume of 4,819,557. The company has a quick ratio of 0.70, a current ratio of 1.25 and a debt-to-equity ratio of 0.22. Gold Fields Limited has a one year low of $10.31 and a one year high of $18.97. The firm’s 50 day moving average is $15.58 and its two-hundred day 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 for the quarter, topping the consensus estimate of $0.15 by $0.10. On average, equities analysts expect that Gold Fields Limited will post 1.53 earnings per share for the current year.

Gold Fields Increases Dividend

The business 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. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 2.5%. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17.

Analyst Ratings Changes

Several brokerages have recently issued reports on GFI. BMO Capital Markets lowered Gold Fields from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $14.00 to $12.00 in a research report on Friday, February 2nd. Scotiabank decreased their target price on Gold Fields from $15.50 to $15.00 and set a “sector perform” rating for the company in a research report on Monday, February 26th. StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Finally, UBS Group lowered Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Gold Fields has an average rating of “Hold” and a consensus 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.