Bank of Montreal Can Lowers Position in Gold Fields Limited (NYSE:GFI)

Bank of Montreal Can cut its position in Gold Fields Limited (NYSE:GFI - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,398 shares of the company's stock after selling 40,177 shares during the quarter. Bank of Montreal Can's holdings in Gold Fields were worth $2,949,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GFI. StockNews.com lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday. HSBC reiterated a "hold" rating and set a $21.00 price target on shares of Gold Fields in a report on Thursday. Scotiabank raised their target price on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. raised their price target on Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $18.56.

Gold Fields Trading Up 1.6 %

NYSE:GFI traded up $0.38 on Monday, reaching $24.37. 766,578 shares of the stock traded hands, compared to its average volume of 3,622,125. The company's fifty day simple moving average is $20.75 and its 200 day simple moving average is $17.30. The company has a market capitalization of $21.81 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.30 and a beta of 0.92. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $25.52.

Gold Fields Increases Dividend

The firm 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 is an increase from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 1.6%. Gold Fields's 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.