Net Worth Advisory Group Invests $136,000 in Gold Fields Limited (NYSE:GFI)

Net Worth Advisory Group acquired a new stake in shares of Gold Fields Limited (NYSE:GFI) during the fourth quarter, HoldingsChannel reports. The firm acquired 10,273 shares of the company’s stock, valued at approximately $136,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Gold Fields by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock worth $94,492,000 after acquiring an additional 580,546 shares during the period. Amundi lifted its position in Gold Fields by 7.3% in the fourth quarter. Amundi now owns 3,107,369 shares of the company’s stock worth $44,684,000 after purchasing an additional 211,333 shares during the period. RWC Asset Management LLP boosted its stake in Gold Fields by 9.2% during the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company’s stock valued at $35,784,000 after purchasing an additional 227,704 shares in the last quarter. DJE Kapital AG bought a new stake in shares of Gold Fields in the 4th quarter worth $33,486,000. Finally, Bamco Inc. NY boosted its stake in Gold Fields by 4.8% during the third quarter. Bamco Inc. NY now owns 2,018,817 shares of the company’s stock valued at $30,989,000 after buying an additional 92,571 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Gold Fields Price Performance

Gold Fields stock opened at $20.55 on Wednesday. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $20.63. The firm’s 50 day simple moving average is $17.27 and its 200-day simple moving average is $15.78. The company has a market cap of $18.39 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be given a dividend of $0.3752 per share. This represents a yield of 1.6%. 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. Gold Fields’s payout ratio is presently 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.