Sequoia Financial Advisors LLC Grows Stock Position in Gold Fields Limited $GFI

Sequoia Financial Advisors LLC lifted its stake in shares of Gold Fields Limited (NYSE:GFI) by 34.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,123 shares of the company’s stock after purchasing an additional 5,367 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Gold Fields were worth $500,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Yousif Capital Management LLC raised its stake in shares of Gold Fields by 8.5% during the second quarter. Yousif Capital Management LLC now owns 14,917 shares of the company’s stock worth $353,000 after purchasing an additional 1,165 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Gold Fields by 19.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,555 shares of the company’s stock worth $629,000 after purchasing an additional 4,360 shares during the last quarter. Lester Murray Antman dba SimplyRich raised its stake in shares of Gold Fields by 6.7% during the second quarter. Lester Murray Antman dba SimplyRich now owns 17,056 shares of the company’s stock worth $403,000 after purchasing an additional 1,064 shares during the last quarter. U S Global Investors Inc. raised its stake in shares of Gold Fields by 53.8% during the second quarter. U S Global Investors Inc. now owns 100,000 shares of the company’s stock worth $2,367,000 after purchasing an additional 35,000 shares during the last quarter. Finally, Ramirez Asset Management Inc. purchased a new stake in shares of Gold Fields during the second quarter worth approximately $1,349,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Performance

Gold Fields stock opened at $43.80 on Tuesday. The firm has a market capitalization of $39.20 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 0.33 and a beta of 0.49. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $47.18. The stock’s fifty day moving average is $37.44 and its two-hundred day moving average is $28.62.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were given a $0.3993 dividend. This is an increase from Gold Fields’s previous semi-annual dividend of $0.38. This represents a dividend yield of 130.0%. The ex-dividend date was Friday, September 12th. Gold Fields’s dividend payout ratio (DPR) is currently 27.23%.

Analyst Ratings Changes

A number of research analysts recently weighed in on GFI shares. HSBC reaffirmed a “hold” rating on shares of Gold Fields in a report on Thursday, October 9th. Canaccord Genuity Group lowered Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price objective on the stock. in a report on Monday, October 13th. BMO Capital Markets upped their price objective on Gold Fields from $24.00 to $32.00 and gave the stock a “market perform” rating in a report on Monday, August 25th. Zacks Research lowered Gold Fields from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.63.

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.