International Assets Investment Management LLC Invests $10.60 Million in Gold Fields Limited (NYSE:GFI)

International Assets Investment Management LLC purchased a new position in Gold Fields Limited (NYSE:GFI) during the third quarter, HoldingsChannel reports. The firm purchased 69,075 shares of the company’s stock, valued at approximately $10,600,000.

A number of other hedge funds have also recently made changes to their positions in the stock. LGT Fund Management Co Ltd. bought a new position in Gold Fields during the 2nd quarter worth about $149,000. Concurrent Investment Advisors LLC bought a new position in Gold Fields during the 2nd quarter worth about $153,000. Hennion & Walsh Asset Management Inc. grew its holdings in Gold Fields by 10.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after acquiring an additional 1,090 shares in the last quarter. Candriam S.C.A. bought a new position in Gold Fields during the 2nd quarter worth about $189,000. Finally, MQS Management LLC bought a new position in Gold Fields during the 2nd quarter worth about $225,000. 26.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Scotiabank dropped their target price on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Monday, August 26th. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Monday. Bank of America began coverage on shares of Gold Fields in a research report on Monday, September 16th. They set a “buy” rating and a $16.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their price target on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Four equities 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 company. Based on data from MarketBeat, Gold Fields presently has a consensus rating of “Moderate Buy” and an average target price of $15.93.

Gold Fields Stock Down 0.2 %

Shares of Gold Fields stock opened at $17.10 on Thursday. The firm has a market capitalization of $15.30 billion, a P/E ratio of 8.95, a PEG ratio of 0.52 and a beta of 1.18. The company has a 50 day moving average price of $15.41 and a 200 day moving average price of $15.84. Gold Fields Limited has a 52 week low of $12.19 and a 52 week high of $18.97.

Gold Fields Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given a $0.1692 dividend. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 13th. Gold Fields’s payout ratio is currently 14.14%.

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.