Gold Fields Limited (NYSE:GFI) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its holdings in Gold Fields Limited (NYSE:GFI - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,398 shares of the company's stock after selling 40,177 shares during the period. Bank of Montreal Can's holdings in Gold Fields were worth $2,949,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Gold Fields by 2.2% during the third quarter. State Street Corp now owns 1,194,633 shares of the company's stock worth $18,338,000 after purchasing an additional 25,972 shares during the period. Franklin Resources Inc. boosted its position in Gold Fields by 70.0% during the 3rd quarter. Franklin Resources Inc. now owns 37,129 shares of the company's stock worth $579,000 after buying an additional 15,289 shares during the period. CWA Asset Management Group LLC lifted its holdings in Gold Fields by 13.5% during the 4th quarter. CWA Asset Management Group LLC now owns 77,825 shares of the company's stock worth $1,027,000 after buying an additional 9,261 shares during the period. Range Financial Group LLC bought a new stake in Gold Fields in the fourth quarter valued at approximately $770,000. Finally, Atomi Financial Group Inc. increased its position in shares of Gold Fields by 10.5% during the fourth quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company's stock worth $279,000 after buying an additional 2,014 shares during the period. Institutional investors own 24.81% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on GFI. HSBC reissued a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a research note on Thursday. JPMorgan Chase & Co. upped their price target on Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. Scotiabank raised their price target on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Monday. Finally, StockNews.com cut Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $18.56.

Gold Fields Stock Down 2.6 %

Shares of NYSE GFI traded down $0.63 during midday trading on Friday, reaching $24.04. 4,859,660 shares of the company's stock traded hands, compared to its average volume of 3,664,572. The company has a market cap of $21.52 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 0.30 and a beta of 0.92. Gold Fields Limited has a one year low of $12.98 and a one year high of $25.52. The stock's 50 day simple moving average is $20.66 and its 200-day simple moving average is $17.22.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a $0.3752 dividend. This represents a dividend yield of 1.6%. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date was Friday, March 14th. 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.