Gold Fields Limited (NYSE:GFI) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC grew its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 247,814 shares of the company's stock after buying an additional 39,631 shares during the period. Lazard Asset Management LLC's holdings in Gold Fields were worth $3,271,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. ABC Arbitrage SA acquired a new position in shares of Gold Fields in the 4th quarter valued at $1,641,000. Raymond James Financial Inc. purchased a new stake in Gold Fields in the 4th quarter valued at $362,000. Rhumbline Advisers raised its position in Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after purchasing an additional 720 shares during the last quarter. Allspring Global Investments Holdings LLC raised 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 purchasing an additional 122,247 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Gold Fields by 42.3% in the 4th quarter. SG Americas Securities LLC now owns 87,990 shares of the company's stock valued at $1,161,000 after purchasing an additional 26,143 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Stock Performance

GFI stock traded up $0.71 on Tuesday, reaching $21.99. The company had a trading volume of 2,832,462 shares, compared to its average volume of 3,718,869. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $25.52. The company's fifty day moving average is $21.91 and its 200 day moving average is $18.07. The company has a market cap of $19.68 billion, a P/E ratio of 9.36, a PEG ratio of 0.30 and a beta of 0.57.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a $0.3752 dividend. 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 currently 25.96%.

Wall Street Analyst Weigh In

Several analysts recently commented on GFI shares. StockNews.com downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, May 7th. HSBC reiterated a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. Scotiabank upped their price target 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. Finally, Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $18.56.

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.