Sierra Summit Advisors LLC Has $482,000 Position in Gold Fields Limited (NYSE:GFI)

Sierra Summit Advisors LLC lifted its position in shares of Gold Fields Limited (NYSE:GFI) by 22.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,553 shares of the company’s stock after purchasing an additional 6,751 shares during the period. Sierra Summit Advisors LLC’s holdings in Gold Fields were worth $482,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Amundi grew its holdings in Gold Fields by 7.3% during the fourth quarter. Amundi now owns 3,107,369 shares of the company’s stock worth $44,684,000 after purchasing an additional 211,333 shares during the period. American Century Companies Inc. lifted its position in shares of Gold Fields by 6.4% in the fourth quarter. American Century Companies Inc. now owns 2,976,004 shares of the company’s stock valued at $39,283,000 after buying an additional 178,973 shares during the last quarter. RWC Asset Management LLP boosted its stake in shares of Gold Fields by 9.2% during the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company’s stock worth $35,784,000 after acquiring an additional 227,704 shares during the period. DJE Kapital AG acquired a new position in shares of Gold Fields during the 4th quarter worth approximately $33,486,000. Finally, Schroder Investment Management Group raised its stake in Gold Fields by 11.3% in the 4th quarter. Schroder Investment Management Group now owns 2,164,906 shares of the company’s stock valued at $28,490,000 after acquiring an additional 219,254 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 30th. JPMorgan Chase & Co. lifted their target price on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Finally, Scotiabank upped their target price on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.20.

Gold Fields Trading Up 2.3 %

Shares of GFI opened at $20.40 on Tuesday. The stock has a market capitalization of $18.26 billion, a PE ratio of 8.68, a P/E/G ratio of 0.30 and a beta of 0.92. The firm’s 50 day moving average is $19.65 and its 200-day moving average is $16.76. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $23.02.

Gold Fields Increases Dividend

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