Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Takes Position in Gold Fields Limited (NYSE:GFI)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 43,200 shares of the company's stock, valued at approximately $570,000. Gold Fields comprises 1.7% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s portfolio, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GFI. DJE Kapital AG acquired a new position in shares of Gold Fields in the fourth quarter valued at approximately $33,486,000. Marshall Wace LLP raised its position in shares of Gold Fields by 1,594.7% in the fourth quarter. Marshall Wace LLP now owns 2,114,631 shares of the company's stock valued at $27,913,000 after buying an additional 1,989,849 shares during the last quarter. Man Group plc raised its position in shares of Gold Fields by 119.9% in the fourth quarter. Man Group plc now owns 1,417,329 shares of the company's stock valued at $18,709,000 after buying an additional 772,928 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new position in shares of Gold Fields in the fourth quarter valued at approximately $9,033,000. Finally, Bridgewater Associates LP raised its position in shares of Gold Fields by 97.1% in the fourth quarter. Bridgewater Associates LP now owns 815,113 shares of the company's stock valued at $10,759,000 after buying an additional 401,567 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Stock Performance

Gold Fields stock traded up $0.56 during trading on Wednesday, reaching $22.72. The company had a trading volume of 1,910,324 shares, compared to its average volume of 3,664,510. Gold Fields Limited has a 12-month low of $12.98 and a 12-month high of $25.52. The stock's 50 day moving average price is $22.06 and its two-hundred day moving average price is $18.32. The firm has a market capitalization of $20.33 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 0.30 and a beta of 0.57.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders 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. This represents a yield of 1.6%. The ex-dividend date was Friday, March 14th. Gold Fields's payout ratio is currently 25.96%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Scotiabank boosted 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. HSBC restated a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. Wall Street Zen upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Finally, Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Gold Fields has a consensus rating of "Moderate Buy" and a consensus 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.