Nkcfo LLC Lowers Stake in Gold Fields Limited (NYSE:GFI)

Nkcfo LLC lessened its stake in Gold Fields Limited (NYSE:GFI) by 62.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,000 shares of the company’s stock after selling 10,000 shares during the period. Nkcfo LLC’s holdings in Gold Fields were worth $87,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of Gold Fields in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new stake in shares of Gold Fields during the third quarter worth $100,000. QRG Capital Management Inc. acquired a new stake in shares of Gold Fields in the third quarter valued at $116,000. Balentine LLC purchased a new position in Gold Fields in the third quarter valued at $120,000. Finally, MQS Management LLC acquired a new position in Gold Fields during the 3rd quarter worth $125,000. Hedge funds and other institutional investors own 26.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on GFI. UBS Group lowered Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Scotiabank dropped their price objective 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. BMO Capital Markets lowered shares of Gold Fields from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $14.00 to $12.00 in a report 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.67.

Gold Fields Stock Up 0.4 %

Gold Fields stock traded up $0.07 during mid-day trading on Friday, hitting $16.45. The company had a trading volume of 2,118,096 shares, compared to its average volume of 4,419,317. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25. Gold Fields Limited has a 1 year low of $10.31 and a 1 year high of $18.97. The business has a fifty day moving average of $15.92 and a 200 day moving average of $14.61.

Gold Fields (NYSE:GFI) last posted its earnings results on Thursday, February 22nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. As a group, sell-side analysts predict that Gold Fields Limited will post 1.53 EPS for the current year.

Gold Fields Increases Dividend

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

About Gold Fields

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.