Gold Fields Limited (NYSE:GFI) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its holdings in Gold Fields Limited (NYSE:GFI) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,840 shares of the company’s stock after buying an additional 949 shares during the period. Sequoia Financial Advisors LLC’s holdings in Gold Fields were worth $489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Van ECK Associates Corp raised its position in shares of 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 buying an additional 6,053,995 shares during the last quarter. BlackRock Inc. raised its position in shares of 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 buying an additional 2,368,601 shares during the last quarter. RWC Asset Advisors US LLC raised its position in shares of Gold Fields by 3.1% in the third quarter. RWC Asset Advisors US LLC now owns 10,740,272 shares of the company’s stock valued at $116,639,000 after buying an additional 320,066 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Gold Fields by 4.5% in the first quarter. Renaissance Technologies LLC now owns 7,350,784 shares of the company’s stock valued at $113,643,000 after buying an additional 317,100 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Gold Fields by 118.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,107,356 shares of the company’s stock worth $78,960,000 after purchasing an additional 2,772,894 shares during the last quarter. 26.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GFI has been the subject of several recent analyst reports. StockNews.com upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Scotiabank cut their price objective on shares of 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. UBS Group cut shares of Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Finally, BMO Capital Markets cut shares of Gold Fields from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $14.00 to $12.00 in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.67.

Gold Fields Price Performance

Shares of NYSE GFI opened at $17.42 on Wednesday. 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 12-month low of $10.31 and a 12-month high of $18.97. The business’s fifty day simple moving average is $14.97 and its 200-day simple moving average is $14.18.

Gold Fields (NYSE:GFI) last announced its quarterly earnings data 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. As a group, equities research analysts expect that Gold Fields Limited will post 1.15 EPS for the current year.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.1717 dividend. This is a boost 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.

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.