Aquatic Capital Management LLC Purchases New Position in Gold Fields Limited (NYSE:GFI)

Aquatic Capital Management LLC purchased a new stake in shares of Gold Fields Limited (NYSE:GFI) in the 4th quarter, Holdings Channel reports. The fund purchased 178,530 shares of the company’s stock, valued at approximately $2,357,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new position in Gold Fields during the 4th quarter valued at about $155,000. First Trust Advisors LP lifted its holdings in Gold Fields by 9.4% during the 4th quarter. First Trust Advisors LP now owns 27,944 shares of the company’s stock valued at $369,000 after purchasing an additional 2,412 shares during the last quarter. Marshall Wace LLP lifted its holdings in Gold Fields by 1,594.7% during the 4th quarter. Marshall Wace LLP now owns 2,114,631 shares of the company’s stock valued at $27,913,000 after purchasing an additional 1,989,849 shares during the last quarter. Bridgewater Associates LP lifted its holdings in Gold Fields by 97.1% during the 4th quarter. Bridgewater Associates LP now owns 815,113 shares of the company’s stock valued at $10,759,000 after purchasing an additional 401,567 shares during the last quarter. Finally, Mariner LLC lifted its holdings in Gold Fields by 34.3% during the 4th quarter. Mariner LLC now owns 20,375 shares of the company’s stock valued at $269,000 after purchasing an additional 5,204 shares during the last quarter. 24.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GFI shares. Hsbc Global Res upgraded shares of Gold Fields to a “hold” rating in a research report on Thursday, April 17th. Scotiabank raised their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the company a “sector perform” rating in a research report on Monday, April 14th. HSBC restated a “hold” rating and issued a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. StockNews.com upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Gold Fields has a consensus rating of “Moderate Buy” and a consensus target price of $18.56.

Gold Fields Price Performance

Shares of NYSE:GFI opened at $22.34 on Tuesday. Gold Fields Limited has a one year low of $12.98 and a one year high of $25.52. The company has a 50 day moving average of $21.20 and a 200-day moving average of $17.60. The stock has a market cap of $19.99 billion, a price-to-earnings ratio of 9.51, a P/E/G ratio of 0.30 and a beta of 0.92.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were issued a dividend of $0.3752 per share. The ex-dividend date was Friday, March 14th. This represents a yield of 1.6%. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s payout ratio is currently 25.96%.

Gold Fields Company Profile

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.