Gold Fields Limited (NYSE:GFI) Shares Acquired by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC boosted its position in Gold Fields Limited (NYSE:GFI) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,380 shares of the company’s stock after purchasing an additional 1,857 shares during the period. Sierra Summit Advisors LLC’s holdings in Gold Fields were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in GFI. GAMMA Investing LLC grew its stake in shares of Gold Fields by 78.4% during the 1st quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock worth $49,000 after purchasing an additional 1,361 shares during the period. Parallel Advisors LLC increased its holdings in Gold Fields by 51.7% in the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock valued at $71,000 after buying an additional 1,662 shares in the last quarter. LGT Fund Management Co Ltd. acquired a new stake in shares of Gold Fields during the 2nd quarter valued at approximately $149,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Gold Fields during the 2nd quarter valued at approximately $153,000. Finally, QRG Capital Management Inc. boosted its stake in shares of Gold Fields by 10.3% during the 4th quarter. QRG Capital Management Inc. now owns 11,802 shares of the company’s stock worth $171,000 after acquiring an additional 1,101 shares in the last quarter. Institutional investors and hedge funds own 26.02% of the company’s stock.

Gold Fields Stock Up 1.4 %

Gold Fields stock opened at $14.21 on Monday. Gold Fields Limited has a 12-month low of $10.31 and a 12-month high of $18.97. The company has a quick ratio of 0.70, a current ratio of 1.77 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average is $15.50 and its two-hundred day moving average is $15.73.

Gold Fields Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, September 13th will be paid a $0.1692 dividend. The ex-dividend date is Friday, September 13th. This represents a yield of 2.2%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GFI shares. StockNews.com upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. BMO Capital Markets raised shares of Gold Fields from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $13.50 to $14.00 in a research note on Wednesday, June 26th. JPMorgan Chase & Co. reduced their target price on Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Finally, Scotiabank lowered their target price on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.90.

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.