Gold Fields Limited (NYSE:GFI) Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC cut its holdings in shares of Gold Fields Limited (NYSE:GFI) by 71.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 170,376 shares of the company’s stock after selling 420,494 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Gold Fields were worth $2,467,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Scotia Capital Inc. grew its holdings in shares of Gold Fields by 3.6% in the third quarter. Scotia Capital Inc. now owns 23,623 shares of the company’s stock valued at $257,000 after purchasing an additional 820 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Gold Fields by 7.6% in the third quarter. Ballentine Partners LLC now owns 11,675 shares of the company’s stock worth $127,000 after acquiring an additional 821 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Gold Fields by 5.9% during the first quarter. Ameriprise Financial Inc. now owns 16,770 shares of the company’s stock worth $223,000 after acquiring an additional 934 shares during the period. Metis Global Partners LLC increased its position in shares of Gold Fields by 4.7% during the third quarter. Metis Global Partners LLC now owns 20,765 shares of the company’s stock worth $226,000 after acquiring an additional 937 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in Gold Fields by 2.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 33,840 shares of the company’s stock valued at $489,000 after purchasing an additional 949 shares during the period. 26.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GFI shares. StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. BMO Capital Markets lowered shares of Gold Fields from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $14.00 to $12.00 in a research note on Friday, February 2nd. Scotiabank decreased their price target on shares of Gold Fields from $15.50 to $15.00 and set a “sector perform” rating for the company in a research note on Monday, February 26th. Finally, UBS Group cut shares of Gold Fields from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.67.

Gold Fields Stock Performance

Shares of NYSE:GFI traded up $0.01 on Thursday, hitting $17.75. 1,199,961 shares of the company’s stock were exchanged, compared to its average volume of 4,629,645. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. Gold Fields Limited has a 1-year low of $10.31 and a 1-year high of $18.97. The firm’s 50-day moving average is $15.05 and its 200 day moving average is $14.21.

Gold Fields (NYSE:GFI) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. On average, equities research analysts forecast that Gold Fields Limited will post 1.15 EPS for the current fiscal year.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.1717 dividend. This represents a dividend yield of 2.5%. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date was Thursday, March 14th.

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.