Renaissance Technologies LLC increased its holdings in Gold Fields Limited (NYSE:GFI) by 34.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,698,200 shares of the company’s stock after buying an additional 3,537,400 shares during the period. Renaissance Technologies LLC’s holdings in Gold Fields were worth $58,902,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in GFI. Timber Hill LLC acquired a new position in Gold Fields during the third quarter valued at approximately $148,000. State of Wisconsin Investment Board acquired a new position in Gold Fields during the fourth quarter valued at approximately $177,000. Tower Research Capital LLC TRC raised its position in Gold Fields by 53.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 56,298 shares of the company’s stock valued at $242,000 after purchasing an additional 19,689 shares in the last quarter. First Trust Advisors LP raised its position in Gold Fields by 152.7% during the fourth quarter. First Trust Advisors LP now owns 56,700 shares of the company’s stock valued at $244,000 after purchasing an additional 34,258 shares in the last quarter. Finally, State Street Corp raised its position in Gold Fields by 19.2% during the second quarter. State Street Corp now owns 246,860 shares of the company’s stock valued at $859,000 after purchasing an additional 39,717 shares in the last quarter. Institutional investors own 33.79% of the company’s stock.
Several brokerages have commented on GFI. Zacks Investment Research downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. HSBC upgraded shares of Gold Fields from a “reduce” rating to a “hold” rating in a research report on Friday, January 19th. Finally, Deutsche Bank upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th.
The company also recently disclosed a semiannual dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Friday, March 9th will be given a dividend of $0.0426 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a yield of 2.15%.
About Gold Fields
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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