BNP Paribas Financial Markets Acquires 39,669 Shares of Gold Fields Limited (NYSE:GFI)

BNP Paribas Financial Markets raised its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 76.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,407 shares of the company's stock after buying an additional 39,669 shares during the quarter. BNP Paribas Financial Markets' holdings in Gold Fields were worth $1,207,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in Gold Fields by 11.0% during the fourth quarter. Ameriprise Financial Inc. now owns 21,349 shares of the company's stock valued at $282,000 after purchasing an additional 2,111 shares during the last quarter. Northern Trust Corp grew its stake in shares of Gold Fields by 258.4% in the fourth quarter. Northern Trust Corp now owns 400,680 shares of the company's stock worth $5,289,000 after acquiring an additional 288,887 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Gold Fields in the fourth quarter worth $2,357,000. Hsbc Holdings PLC acquired a new stake in shares of Gold Fields in the fourth quarter worth $155,000. Finally, First Trust Advisors LP grew its stake in shares of Gold Fields by 9.4% in the fourth quarter. First Trust Advisors LP now owns 27,944 shares of the company's stock worth $369,000 after acquiring an additional 2,412 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GFI shares. Scotiabank raised their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Wall Street Zen upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Thursday. Finally, HSBC restated a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Gold Fields currently has an average rating of "Moderate Buy" and an average target price of $18.56.

Gold Fields Stock Up 4.8%

GFI traded up $1.05 during trading on Friday, reaching $23.09. 2,865,351 shares of the company's stock were exchanged, compared to its average volume of 3,685,110. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $25.52. The business has a 50 day moving average price of $22.03 and a 200 day moving average price of $18.24. The company has a market capitalization of $20.67 billion, a P/E ratio of 9.83, 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 dividend of $0.3752 per share. The ex-dividend date was Friday, March 14th. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. Gold Fields's dividend payout ratio (DPR) is presently 25.96%.

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.