Hoey Investments Inc. Cuts Stock Holdings in Gold Fields Limited (NYSE:GFI)

Hoey Investments Inc. lowered its stake in Gold Fields Limited (NYSE:GFI) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,350 shares of the company’s stock after selling 3,350 shares during the period. Hoey Investments Inc.’s holdings in Gold Fields were worth $44,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. ABC Arbitrage SA purchased a new stake in Gold Fields during the 4th quarter valued at $1,641,000. Bank of Montreal Can grew its stake in shares of Gold Fields by 36.9% in the third quarter. Bank of Montreal Can now owns 263,575 shares of the company’s stock worth $4,280,000 after purchasing an additional 71,094 shares during the last quarter. Rhumbline Advisers increased its holdings in Gold Fields by 4.3% during the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after purchasing an additional 720 shares during the period. Range Financial Group LLC bought a new position in Gold Fields during the 4th quarter valued at approximately $770,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Gold Fields in the 3rd quarter worth approximately $9,911,000. Institutional investors own 24.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Scotiabank upped 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. JPMorgan Chase & Co. upped their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Finally, StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Gold Fields currently has an average rating of “Moderate Buy” and an average target price of $17.20.

Gold Fields Trading Up 1.0 %

Shares of Gold Fields stock opened at $22.13 on Tuesday. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $22.80. The firm has a market capitalization of $19.81 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.30 and a beta of 1.14. The business has a fifty day simple moving average of $19.10 and a two-hundred day simple moving average of $16.50.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a dividend of $0.3752 per share. The ex-dividend date was Friday, March 14th. This represents a yield of 1.6%. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s payout ratio is presently 25.96%.

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.