Gold Fields Limited $GFI Shares Acquired by Northern Trust Corp

Key Points

• Northern Trust Corp has increased its holdings in Gold Fields Limited by 5.9%, now owning 424,520 shares valued at approximately $9.4 million.
• Gold Fields announced a semi-annual dividend of $0.3993, which represents a yield of 130.0% and is an increase from its previous dividend of $0.38.
• The stock recently closed at $34.38 and has a market capitalization of $30.77 billion, with analysts giving it an average rating of "Hold" and a target price of $25.11.

Northern Trust Corp grew its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 424,520 shares of the company's stock after purchasing an additional 23,840 shares during the period. Northern Trust Corp's holdings in Gold Fields were worth $9,378,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Richardson Financial Services Inc. acquired a new position in shares of Gold Fields in the first quarter valued at approximately $26,000. Banque Cantonale Vaudoise acquired a new position in shares of Gold Fields in the first quarter valued at approximately $44,000. GAMMA Investing LLC increased its holdings in shares of Gold Fields by 21.0% in the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after purchasing an additional 649 shares during the period. Blue Trust Inc. increased its holdings in shares of Gold Fields by 67.1% in the first quarter. Blue Trust Inc. now owns 4,053 shares of the company's stock valued at $90,000 after purchasing an additional 1,627 shares during the period. Finally, Brooklyn Investment Group boosted its stake in shares of Gold Fields by 447.3% in the first quarter. Brooklyn Investment Group now owns 4,291 shares of the company's stock valued at $95,000 after buying an additional 3,507 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Trading Up 2.8%

NYSE:GFI traded up $1.04 on Thursday, hitting $38.00. 2,858,461 shares of the stock were exchanged, compared to its average volume of 3,099,266. The stock has a market cap of $34.01 billion, a PE ratio of 16.17, a PEG ratio of 0.40 and a beta of 0.47. The company has a current ratio of 1.89, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average of $29.03 and a 200-day moving average of $24.60. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $38.04.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be paid a $0.3993 dividend. This represents a dividend yield of 130.0%. This is an increase from Gold Fields's previous semi-annual dividend of $0.38. The ex-dividend date is Friday, September 12th. Gold Fields's payout ratio is 26.38%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GFI. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 1st. Canaccord Genuity Group started coverage on Gold Fields in a research report on Monday, July 28th. They issued a "buy" rating and a $33.00 price objective on the stock. Capital One Financial set a $32.00 target price on Gold Fields in a research note on Friday, August 22nd. Finally, BMO Capital Markets upped their target price on Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, August 25th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $25.11.

About Gold Fields

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.