Victory Capital Management Inc. Has $31.64 Million Position in Gold Fields Limited (NYSE:GFI)

Victory Capital Management Inc. raised its stake in shares of Gold Fields Limited (NYSE:GFI) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,187,779 shares of the company’s stock after acquiring an additional 121,765 shares during the quarter. Victory Capital Management Inc. owned approximately 0.24% of Gold Fields worth $31,635,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in Gold Fields by 136.9% during the 4th quarter. SG Americas Securities LLC now owns 221,921 shares of the company’s stock valued at $3,209,000 after purchasing an additional 128,262 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Gold Fields in the third quarter worth about $2,046,000. Capricorn Fund Managers Ltd bought a new stake in Gold Fields during the 4th quarter worth about $3,897,000. Seven Eight Capital LP acquired a new position in Gold Fields during the 3rd quarter valued at about $165,000. Finally, Headlands Technologies LLC lifted its position in Gold Fields by 572.1% during the 4th quarter. Headlands Technologies LLC now owns 62,063 shares of the company’s stock valued at $897,000 after purchasing an additional 52,829 shares during the period. Institutional investors and hedge funds own 26.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Gold Fields Price Performance

NYSE GFI opened at $15.90 on Wednesday. The business has a 50 day simple moving average of $16.07 and a 200 day simple moving average of $14.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 0.70. Gold Fields Limited has a 52-week low of $10.31 and a 52-week high of $18.97.

Gold Fields (NYSE:GFI) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.10. As a group, analysts forecast that Gold Fields Limited will post 1.53 EPS for the current fiscal year.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.1717 per share. 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 of this dividend was Thursday, March 14th.

Gold Fields 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.