MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Holdings in Gold Fields Limited (NYSE:GFI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Gold Fields Limited (NYSE:GFI - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,361,933 shares of the company's stock after acquiring an additional 96,244 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.15% of Gold Fields worth $17,978,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DJE Kapital AG purchased a new position in Gold Fields during the 4th quarter valued at about $33,486,000. Marshall Wace LLP grew its stake in Gold Fields by 1,594.7% during the fourth quarter. Marshall Wace LLP now owns 2,114,631 shares of the company's stock valued at $27,913,000 after acquiring an additional 1,989,849 shares in the last quarter. Bridgewater Associates LP grew its stake in Gold Fields by 97.1% during the fourth quarter. Bridgewater Associates LP now owns 815,113 shares of the company's stock valued at $10,759,000 after acquiring an additional 401,567 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Gold Fields during the 4th quarter worth approximately $4,979,000. Finally, Capital Fund Management S.A. purchased a new stake in Gold Fields in the 4th quarter worth approximately $4,619,000. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Price Performance

GFI stock traded up $0.64 during mid-day trading on Monday, hitting $21.28. 2,467,859 shares of the stock were exchanged, compared to its average volume of 3,728,286. The business has a fifty day moving average price of $21.89 and a 200 day moving average price of $18.03. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $25.52. The stock has a market capitalization of $19.05 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 0.30 and a beta of 0.57.

Gold Fields Increases Dividend

The company 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. This is an increase from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date was Friday, March 14th. This represents a yield of 1.6%. Gold Fields's payout ratio is presently 25.96%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GFI. Scotiabank boosted 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. HSBC restated a "hold" rating and set a $21.00 target price on shares of Gold Fields in a research report on Thursday, April 17th. StockNews.com cut Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 7th. Finally, Hsbc Global Res raised Gold Fields to a "hold" rating in a report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.