South Street Advisors LLC Has $10.18 Million Stake in Gold Fields Limited (NYSE:GFI)

South Street Advisors LLC lowered its stake in Gold Fields Limited (NYSE:GFI) by 9.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 771,077 shares of the company’s stock after selling 80,020 shares during the period. South Street Advisors LLC’s holdings in Gold Fields were worth $10,178,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Net Worth Advisory Group acquired a new position in Gold Fields during the fourth quarter valued at approximately $136,000. Signaturefd LLC grew its stake in Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after buying an additional 1,656 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Gold Fields in the 4th quarter worth $141,000. US Bancorp DE lifted its position in Gold Fields by 18.9% during the 4th quarter. US Bancorp DE now owns 11,484 shares of the company’s stock worth $152,000 after acquiring an additional 1,829 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Gold Fields during the 3rd quarter worth $209,000. Institutional investors own 24.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Scotiabank raised their target price on 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 upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Friday. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

Gold Fields Stock Performance

Shares of GFI opened at $20.67 on Tuesday. The company has a 50-day simple moving average of $17.80 and a 200-day simple moving average of $15.96. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $20.83. The firm has a market capitalization of $18.50 billion, a P/E ratio of 8.80, a P/E/G ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a $0.3752 dividend. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 1.6%. Gold Fields’s dividend payout ratio is 25.53%.

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.