Northern Trust Corp Boosts Holdings in Gold Fields Limited $GFI

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 boosted its position in Gold Fields Limited (NYSE:GFI - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 424,520 shares of the company's stock after acquiring an additional 23,840 shares during the quarter. Northern Trust Corp's holdings in Gold Fields were worth $9,378,000 at the end of the most recent quarter.

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

Gold Fields Stock Performance

Shares of Gold Fields stock traded up $1.24 during trading on Monday, reaching $35.60. The company's stock had a trading volume of 3,918,041 shares, compared to its average volume of 2,994,383. The company has a 50-day moving average price of $28.26 and a two-hundred day moving average price of $24.31. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $35.82. 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 firm has a market cap of $31.86 billion, a PE ratio of 15.15, a P/E/G ratio of 0.37 and a beta of 0.47.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 12th will be given a $0.3993 dividend. This is a positive change from Gold Fields's previous semi-annual dividend of $0.38. The ex-dividend date is Friday, September 12th. This represents a yield of 130.0%. Gold Fields's payout ratio is 26.38%.

Analyst Ratings Changes

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