Ashton Thomas Private Wealth LLC Takes Position in Gold Fields Limited (NYSE:GFI)

Ashton Thomas Private Wealth LLC purchased a new stake in shares of Gold Fields Limited (NYSE:GFI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 377,182 shares of the company’s stock, valued at approximately $4,979,000.

Other hedge funds have also modified their holdings of the company. QRG Capital Management Inc. purchased a new position in shares of Gold Fields during the third quarter worth $160,000. Concurrent Investment Advisors LLC increased its stake in Gold Fields by 8.3% during the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after purchasing an additional 850 shares during the period. CWA Asset Management Group LLC purchased a new stake in Gold Fields during the third quarter worth about $1,052,000. Rakuten Securities Inc. boosted its position in Gold Fields by 90.7% in the 3rd quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock valued at $254,000 after buying an additional 7,879 shares during the period. Finally, Metis Global Partners LLC boosted its position in Gold Fields by 49.7% in the 3rd quarter. Metis Global Partners LLC now owns 43,238 shares of the company’s stock valued at $664,000 after buying an additional 14,352 shares during the period. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Stock Performance

GFI opened at $20.25 on Friday. Gold Fields Limited has a one year low of $12.98 and a one year high of $20.40. The company has a market cap of $18.12 billion, a P/E ratio of 8.62, a PEG 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 $15.73.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be given a dividend of $0.3752 per share. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, March 14th. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s payout ratio is currently 11.49%.

Analysts Set New Price Targets

GFI has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Scotiabank raised their target price on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, February 25th. Finally, StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Gold Fields presently has an average rating of “Hold” and a consensus target price of $17.20.

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.