Gold Fields Limited $GFI Shares Purchased by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC boosted its position in shares of Gold Fields Limited (NYSE:GFI) by 3.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,922 shares of the company’s stock after acquiring an additional 1,378 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Gold Fields were worth $898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. DJE Kapital AG boosted its stake in shares of Gold Fields by 19.7% in the second quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock valued at $105,260,000 after purchasing an additional 742,174 shares during the period. Amundi boosted its position in Gold Fields by 17.8% in the 1st quarter. Amundi now owns 3,661,529 shares of the company’s stock valued at $82,934,000 after buying an additional 554,160 shares during the period. American Century Companies Inc. grew its stake in shares of Gold Fields by 5.5% in the second quarter. American Century Companies Inc. now owns 3,327,085 shares of the company’s stock worth $78,752,000 after acquiring an additional 172,239 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Gold Fields by 122.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 3,308,969 shares of the company’s stock worth $78,323,000 after acquiring an additional 1,822,689 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of Gold Fields by 21.5% in the first quarter. Deutsche Bank AG now owns 2,642,663 shares of the company’s stock valued at $58,376,000 after acquiring an additional 467,579 shares in the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GFI shares. Investec cut Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. started coverage on shares of Gold Fields in a research note on Thursday, October 23rd. They set an “overweight” rating and a $62.00 target price on the stock. Zacks Research raised shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. BMO Capital Markets boosted their price target on shares of Gold Fields from $24.00 to $32.00 and gave the stock a “market perform” rating in a report on Monday, August 25th. Finally, Wall Street Zen raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $40.43.

Gold Fields Stock Up 1.7%

Shares of GFI opened at $38.59 on Friday. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $47.18. The stock has a 50 day moving average price of $40.53 and a 200 day moving average price of $31.44.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 12th were given a $0.3993 dividend. This is a boost from Gold Fields’s previous semi-annual dividend of $0.38. The ex-dividend date of this dividend was Friday, September 12th. This represents a dividend yield of 130.0%.

About Gold Fields

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.