Mitsubishi UFJ Trust & Banking Corp Has $1.46 Million Stock Holdings in Gold Fields Limited (NYSE:GFI)

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 177.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 110,720 shares of the company's stock after buying an additional 70,821 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Gold Fields were worth $1,462,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of GFI. Amundi lifted its holdings in shares of Gold Fields by 7.3% in the 4th quarter. Amundi now owns 3,107,369 shares of the company's stock worth $44,684,000 after acquiring an additional 211,333 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Gold Fields by 6.4% in the fourth quarter. American Century Companies Inc. now owns 2,976,004 shares of the company's stock worth $39,283,000 after acquiring an additional 178,973 shares in the last quarter. RWC Asset Management LLP raised its position in Gold Fields by 9.2% in the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock valued at $35,784,000 after purchasing an additional 227,704 shares in the last quarter. DJE Kapital AG purchased a new position in Gold Fields in the fourth quarter worth approximately $33,486,000. Finally, Bamco Inc. NY increased its holdings in shares of Gold Fields by 4.8% in the 3rd quarter. Bamco Inc. NY now owns 2,018,817 shares of the company's stock valued at $30,989,000 after acquiring an additional 92,571 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have issued reports on GFI. JPMorgan Chase & Co. raised their price objective on Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a report on Wednesday, January 15th. Scotiabank increased their target price on shares of Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Gold Fields currently has an average rating of "Moderate Buy" and an average price target of $17.20.

Gold Fields Trading Down 0.3 %

GFI traded down $0.07 during trading hours on Thursday, hitting $22.66. The company's stock had a trading volume of 4,936,333 shares, compared to its average volume of 3,303,152. The company has a 50-day simple moving average of $19.37 and a 200 day simple moving average of $16.60. The firm has a market capitalization of $20.28 billion, a PE ratio of 9.64, a PEG ratio of 0.30 and a beta of 0.92. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $23.02.

Gold Fields Increases Dividend

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