Gold Fields Limited $GFI Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in shares of Gold Fields Limited (NYSE:GFI) by 34.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,123 shares of the company’s stock after buying an additional 5,367 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Gold Fields were worth $500,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company’s stock worth $83,000 after buying an additional 649 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Gold Fields during the first quarter worth about $8,075,000. U S Global Investors Inc. grew its position in shares of Gold Fields by 53.8% during the second quarter. U S Global Investors Inc. now owns 100,000 shares of the company’s stock worth $2,367,000 after buying an additional 35,000 shares in the last quarter. Paradiem LLC acquired a new position in shares of Gold Fields during the second quarter worth about $2,010,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Gold Fields during the first quarter worth about $624,000. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Trading Up 1.5%

Shares of NYSE GFI opened at $43.80 on Tuesday. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $47.18. The stock has a 50 day moving average of $37.44 and a two-hundred day moving average of $28.62. The stock has a market cap of $39.20 billion, a P/E ratio of 18.64, a P/E/G ratio of 0.33 and a beta of 0.49.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 12th were paid a $0.3993 dividend. This is an increase from Gold Fields’s previous semi-annual dividend of $0.38. This represents a yield of 130.0%. The ex-dividend date was Friday, September 12th. Gold Fields’s dividend payout ratio (DPR) is presently 27.23%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Canaccord Genuity Group cut Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 target price for the company. in a research note on Monday, October 13th. Investec cut Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, October 10th. Zacks Research cut Gold Fields from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, HSBC restated a “hold” rating on shares of Gold Fields in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.63.

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.