233,000 Shares in Gold Fields Limited (NYSE:GFI) Bought by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 233,000 shares of the company's stock, valued at approximately $3,076,000.

A number of other hedge funds have also added to or reduced their stakes in GFI. ABC Arbitrage SA acquired a new position in Gold Fields during the fourth quarter worth about $1,641,000. Bank of Montreal Can boosted its position in Gold Fields by 36.9% in the third quarter. Bank of Montreal Can now owns 263,575 shares of the company's stock valued at $4,280,000 after buying an additional 71,094 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Gold Fields during the third quarter worth $1,052,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Gold Fields by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company's stock worth $94,492,000 after buying an additional 580,546 shares in the last quarter. Finally, Range Financial Group LLC bought a new position in shares of Gold Fields in the 4th quarter valued at $770,000. 24.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Scotiabank upped their target price on Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. upped their price objective on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research note on Wednesday, January 15th. Finally, StockNews.com downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $17.20.

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Gold Fields Stock Performance

Shares of NYSE GFI traded down $0.33 during midday trading on Wednesday, reaching $20.20. The stock had a trading volume of 3,054,701 shares, compared to its average volume of 3,046,234. The firm has a market cap of $18.08 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The company's 50 day moving average price is $17.27 and its 200 day moving average price is $15.78. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $20.63.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be given a dividend of $0.3752 per share. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 1.6%. Gold Fields's dividend payout ratio is presently 25.53%.

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.