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

Bamco Inc. NY trimmed its position in Gold Fields Limited (NYSE:GFI - Free Report) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,998,319 shares of the company's stock after selling 20,498 shares during the period. Bamco Inc. NY owned 0.22% of Gold Fields worth $26,378,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of brokerages have commented on GFI. HSBC reaffirmed a "hold" rating and set a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a report on Thursday, April 17th. StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Wednesday. Scotiabank increased their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. increased their price target on Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.56.

Gold Fields Trading Up 1.9 %

Shares of NYSE:GFI traded up $0.42 during midday trading on Friday, reaching $22.55. The company had a trading volume of 2,697,662 shares, compared to its average volume of 3,690,517. The stock has a market cap of $20.18 billion, a P/E ratio of 9.60, a P/E/G ratio of 0.30 and a beta of 0.57. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $25.52. The company's 50 day moving average price is $21.84 and its 200 day moving average price is $17.92.

Gold Fields Increases Dividend

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