DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,000 shares of the company's stock, valued at approximately $251,000.
Several other institutional investors have also recently bought and sold shares of GFI. ABC Arbitrage SA bought a new position in Gold Fields in the fourth quarter valued at approximately $1,641,000. Raymond James Financial Inc. acquired a new position in Gold Fields in the fourth quarter valued at about $362,000. Rhumbline Advisers raised its holdings in Gold Fields by 4.3% during the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock worth $229,000 after buying an additional 720 shares during the period. Allspring Global Investments Holdings LLC lifted its position 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 in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Gold Fields by 42.3% during the fourth quarter. SG Americas Securities LLC now owns 87,990 shares of the company's stock worth $1,161,000 after buying an additional 26,143 shares during the period. Institutional investors own 24.81% of the company's stock.
Gold Fields Trading Down 10.6%
GFI stock opened at $20.16 on Tuesday. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $25.52. The business's 50 day simple moving average is $21.85 and its 200 day simple moving average is $17.94. The firm has a market capitalization of $18.04 billion, a PE ratio of 8.58, a PEG ratio of 0.30 and a beta of 0.57.
Gold Fields Increases Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were issued a $0.3752 dividend. This is an increase from Gold Fields's previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, March 14th. Gold Fields's payout ratio is currently 25.96%.
Analyst Ratings Changes
A number of analysts have recently issued reports on GFI shares. 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 report on Wednesday, January 15th. Hsbc Global Res raised Gold Fields to a "hold" rating in a research report on Thursday, April 17th. HSBC restated a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a research note on Thursday, April 17th. StockNews.com downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 7th. Finally, Scotiabank boosted their target price 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Gold Fields currently has a consensus rating of "Hold" and an average price target of $18.56.
Get Our Latest Stock Report on GFI
About Gold Fields
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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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