Rakuten Securities Inc. Reduces Stake in Gold Fields Limited (NYSE:GFI)

Rakuten Securities Inc. lowered its stake in Gold Fields Limited (NYSE:GFI) by 79.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,466 shares of the company’s stock after selling 13,096 shares during the period. Rakuten Securities Inc.’s holdings in Gold Fields were worth $46,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GFI. DJE Kapital AG purchased a new position in shares of Gold Fields during the fourth quarter valued at approximately $33,486,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Gold Fields during the third quarter valued at approximately $9,911,000. Massachusetts Financial Services Co. MA boosted its position in shares of Gold Fields by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after buying an additional 580,546 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Gold Fields during the fourth quarter valued at approximately $4,979,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Gold Fields by 78.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company’s stock valued at $7,735,000 after buying an additional 257,081 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Scotiabank lifted their price target on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 25th. Finally, StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.20.

Gold Fields Stock Performance

Gold Fields stock opened at $20.20 on Thursday. The company has a 50 day moving average price of $17.41 and a 200-day moving average price of $15.81. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $20.63. The company has a market capitalization of $18.08 billion, a PE ratio of 8.60, a P/E/G ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a $0.3752 dividend. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, March 14th. This represents a yield of 1.6%. Gold Fields’s payout ratio is 25.53%.

Gold Fields 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.