Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 345,827 shares of the company's stock after purchasing an additional 34,081 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Gold Fields were worth $4,565,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Metis Global Partners LLC grew its holdings in Gold Fields by 49.7% during the 3rd quarter. Metis Global Partners LLC now owns 43,238 shares of the company's stock valued at $664,000 after purchasing an additional 14,352 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Gold Fields in the third quarter worth about $209,000. Massachusetts Financial Services Co. MA boosted its holdings in Gold Fields by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company's stock valued at $94,492,000 after purchasing an additional 580,546 shares during the last quarter. Cerity Partners LLC grew its stake in Gold Fields by 131.0% during the 3rd quarter. Cerity Partners LLC now owns 31,152 shares of the company's stock valued at $478,000 after purchasing an additional 17,664 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Gold Fields by 36.9% during the 3rd quarter. Bank of Montreal Can now owns 263,575 shares of the company's stock worth $4,280,000 after purchasing an additional 71,094 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on GFI shares. StockNews.com upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 14th. JPMorgan Chase & Co. increased their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Finally, Scotiabank lifted their price target on Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.20.
Check Out Our Latest Stock Report on GFI
Gold Fields Price Performance
Shares of GFI stock traded down $0.03 during trading hours on Thursday, reaching $21.85. The stock had a trading volume of 3,054,579 shares, compared to its average volume of 3,106,788. The firm has a market capitalization of $19.56 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The firm has a 50-day simple moving average of $18.10 and a 200-day simple moving average of $16.05. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $22.18.
Gold Fields Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.3752 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's payout ratio is 25.53%.
About Gold Fields
(
Free Report)
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.
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