Gold Fields Limited (NYSE:GFI) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp reduced its position in shares of Gold Fields Limited (NYSE:GFI) by 4.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,306,559 shares of the company’s stock after selling 1,852,426 shares during the period. Gold Fields makes up about 1.2% of Van ECK Associates Corp’s portfolio, making the stock its 15th biggest holding. Van ECK Associates Corp’s holdings in Gold Fields were worth $640,673,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. RWC Asset Management LLP boosted its stake in shares of Gold Fields by 16.6% in the fourth quarter. RWC Asset Management LLP now owns 3,052,875 shares of the company’s stock valued at $44,145,000 after purchasing an additional 435,175 shares during the period. RWC Asset Advisors US LLC grew its stake in shares of Gold Fields by 19.3% in the fourth quarter. RWC Asset Advisors US LLC now owns 12,810,699 shares of the company’s stock worth $185,243,000 after acquiring an additional 2,070,427 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Gold Fields by 11.0% in the fourth quarter. Russell Investments Group Ltd. now owns 1,808,159 shares of the company’s stock worth $26,146,000 after acquiring an additional 178,688 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Gold Fields by 572.1% during the fourth quarter. Headlands Technologies LLC now owns 62,063 shares of the company’s stock worth $897,000 after acquiring an additional 52,829 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in shares of Gold Fields in the fourth quarter valued at $26,000. 26.02% of the stock is owned by institutional investors and hedge funds.

Gold Fields Stock Performance

Shares of NYSE:GFI traded up $0.36 on Monday, hitting $17.89. 2,064,482 shares of the company’s stock were exchanged, compared to its average volume of 4,533,985. Gold Fields Limited has a 1-year low of $10.31 and a 1-year high of $18.97. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average is $15.58 and its 200 day moving average is $14.52.

Gold Fields (NYSE:GFI) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. On average, equities research analysts forecast that Gold Fields Limited will post 1.53 EPS for the current fiscal year.

Gold Fields Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on GFI. UBS Group cut Gold Fields from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. Scotiabank lowered their price objective 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. BMO Capital Markets lowered shares of Gold Fields from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $14.00 to $12.00 in a research note on Friday, February 2nd. Finally, StockNews.com upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. Three equities research 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’s stock. According to MarketBeat, the stock 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.