Gold Fields Limited (NYSE:GFI) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC trimmed its holdings in Gold Fields Limited (NYSE:GFI) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,243 shares of the company’s stock after selling 1,359 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Gold Fields were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its holdings in Gold Fields by 0.5% during the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock worth $1,388,000 after buying an additional 573 shares during the period. Rhumbline Advisers raised its holdings in shares of Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after acquiring an additional 720 shares during the period. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Gold Fields by 3.4% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company’s stock valued at $638,000 after acquiring an additional 1,583 shares during the period. Signaturefd LLC boosted its stake in Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after purchasing an additional 1,656 shares during the period. Finally, US Bancorp DE boosted its stake in Gold Fields by 18.9% in the 4th quarter. US Bancorp DE now owns 11,484 shares of the company’s stock worth $152,000 after purchasing an additional 1,829 shares during the period. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Trading Up 3.6%

GFI stock opened at $20.75 on Friday. The firm has a market cap of $18.57 billion, a P/E ratio of 8.83, a P/E/G ratio of 0.30 and a beta of 0.57. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $25.52. The business’s 50 day moving average is $21.89 and its 200-day moving average is $17.99.

Gold Fields Increases Dividend

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

Wall Street Analyst Weigh In

GFI has been the topic of several recent analyst reports. Hsbc Global Res raised shares of Gold Fields to a “hold” rating in a research note on Thursday, April 17th. StockNews.com downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 7th. Scotiabank lifted their target price on shares of Gold Fields from $20.00 to $23.00 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Finally, HSBC reiterated a “hold” rating and issued a $21.00 target price on shares of Gold Fields in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.56.

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.