HighTower Advisors LLC Acquires 573 Shares of Gold Fields Limited (NYSE:GFI)

HighTower Advisors LLC lifted its holdings in shares of Gold Fields Limited (NYSE:GFI) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,174 shares of the company’s stock after purchasing an additional 573 shares during the period. HighTower Advisors LLC’s holdings in Gold Fields were worth $1,388,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of GFI. Net Worth Advisory Group acquired a new position in Gold Fields during the 4th quarter worth about $136,000. US Bancorp DE increased 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 valued at $152,000 after purchasing an additional 1,829 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Gold Fields during the 3rd quarter worth approximately $209,000. Rhumbline Advisers lifted its position in shares of Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after purchasing an additional 720 shares during the period. Finally, Atomi Financial Group Inc. boosted its position in Gold Fields by 10.5% during the fourth quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company’s stock valued at $279,000 after acquiring an additional 2,014 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GFI shares. JPMorgan Chase & Co. increased 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 lifted their price target on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 25th. Finally, StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.20.

Gold Fields Price Performance

Shares of NYSE GFI opened at $20.58 on Tuesday. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $22.18. The company has a 50-day moving average price of $18.50 and a 200-day moving average price of $16.23. The stock has a market capitalization of $18.42 billion, a P/E ratio of 8.76, 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. Investors of record on Friday, March 14th will be issued a dividend of $0.3752 per share. The ex-dividend date is Friday, March 14th. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. This represents a yield of 1.6%. Gold Fields’s payout ratio is 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.