Ruffer LLP Boosts Stock Holdings in Gold Fields Limited (NYSE:GFI)

Ruffer LLP lifted its position in shares of Gold Fields Limited (NYSE:GFI) by 98.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 402,084 shares of the company’s stock after buying an additional 199,886 shares during the quarter. Ruffer LLP’s holdings in Gold Fields were worth $5,308,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. DJE Kapital AG purchased a new position in shares of Gold Fields in the 4th quarter worth about $33,486,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Gold Fields in the 3rd quarter valued at about $9,911,000. Massachusetts Financial Services Co. MA raised its holdings 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 worth $94,492,000 after purchasing an additional 580,546 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Gold Fields in the fourth quarter worth $4,979,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in Gold Fields by 78.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company’s stock valued at $7,735,000 after acquiring an additional 257,081 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

NYSE:GFI opened at $20.25 on Friday. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $20.40. The stock has a market capitalization of $18.12 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The business’s 50-day simple moving average is $16.99 and its 200-day simple moving average is $15.72.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be paid a $0.3752 dividend. This is a boost 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 presently 11.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GFI shares. JPMorgan Chase & Co. boosted their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. StockNews.com lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, Scotiabank increased their price target on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.20.

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.