Bayesian Capital Management LP Makes New Investment in Gold Fields Limited (NYSE:GFI)

Bayesian Capital Management LP acquired a new position in Gold Fields Limited (NYSE:GFI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 25,000 shares of the company's stock, valued at approximately $330,000.

Other institutional investors have also recently bought and sold shares of the company. ABC Arbitrage SA acquired a new position in Gold Fields in the 4th quarter worth $1,641,000. Raymond James Financial Inc. bought a new stake in shares of Gold Fields in the 4th quarter valued at about $362,000. Rhumbline Advisers raised its holdings in Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after acquiring an additional 720 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Gold Fields by 8.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock valued at $21,194,000 after acquiring an additional 122,247 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Gold Fields by 42.3% in the 4th quarter. SG Americas Securities LLC now owns 87,990 shares of the company's stock valued at $1,161,000 after acquiring an additional 26,143 shares during the period. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Stock Performance

NYSE:GFI traded down $0.05 during midday trading on Tuesday, reaching $20.14. 3,491,806 shares of the stock traded hands, compared to its average volume of 3,702,039. The company has a fifty day moving average of $21.85 and a 200 day moving average of $17.94. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $25.52. The stock has a market capitalization of $18.03 billion, a P/E ratio of 8.57, a PEG ratio of 0.30 and a beta of 0.57.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a dividend of $0.3752 per share. This represents a yield of 1.6%. This is an increase from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date was Friday, March 14th. Gold Fields's dividend payout ratio is 25.96%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GFI shares. HSBC reiterated a "hold" rating and set a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. StockNews.com downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a report on Wednesday, January 15th. Scotiabank raised their price target on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Finally, Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $18.56.

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.