Bamco Inc. NY Sells 20,498 Shares of Gold Fields Limited (NYSE:GFI)

Bamco Inc. NY decreased its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,998,319 shares of the company's stock after selling 20,498 shares during the quarter. Bamco Inc. NY owned approximately 0.22% of Gold Fields worth $26,378,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FCA Corp TX acquired a new position in shares of Gold Fields in the 4th quarter worth approximately $108,000. Net Worth Advisory Group acquired a new position in shares of Gold Fields during the 4th quarter worth about $136,000. Signaturefd LLC grew its holdings in Gold Fields by 19.1% during the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company's stock valued at $136,000 after purchasing an additional 1,656 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Gold Fields in the 4th quarter valued at $141,000. Finally, US Bancorp DE increased its holdings in shares of Gold Fields by 18.9% in the fourth quarter. US Bancorp DE now owns 11,484 shares of the company's stock worth $152,000 after acquiring an additional 1,829 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Price Performance

Shares of NYSE:GFI opened at $21.18 on Monday. The company has a market capitalization of $18.96 billion, a P/E ratio of 9.01, a P/E/G ratio of 0.30 and a beta of 0.57. The business's 50 day simple moving average is $21.42 and its 200 day simple moving average is $17.76. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $25.52.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a $0.3752 dividend. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 1.6%. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's dividend payout ratio (DPR) is presently 25.96%.

Wall Street Analysts Forecast Growth

GFI has been the subject of several research reports. StockNews.com raised shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. Hsbc Global Res raised Gold Fields to a "hold" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. lifted their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. HSBC reiterated a "hold" rating and set a $21.00 target price on shares of Gold Fields in a research note on Thursday, April 17th. Finally, Scotiabank increased their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Five 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $18.56.

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.

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