US Bancorp DE Acquires 1,829 Shares of Gold Fields Limited (NYSE:GFI)

US Bancorp DE increased its holdings in Gold Fields Limited (NYSE:GFI) by 18.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,484 shares of the company’s stock after acquiring an additional 1,829 shares during the quarter. US Bancorp DE’s holdings in Gold Fields were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. ABC Arbitrage SA bought a new position in shares of Gold Fields in the 4th quarter worth about $1,641,000. Bank of Montreal Can increased its stake in shares of Gold Fields by 36.9% in the 3rd quarter. Bank of Montreal Can now owns 263,575 shares of the company’s stock worth $4,280,000 after acquiring an additional 71,094 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Gold Fields by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after purchasing an additional 580,546 shares in the last quarter. Rhumbline Advisers increased its stake in Gold Fields by 4.3% during 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 in the last quarter. Finally, Range Financial Group LLC bought a new stake in Gold Fields during the 4th quarter valued at about $770,000. 24.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GFI has been the subject of a number of analyst reports. Scotiabank raised their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 25th. StockNews.com upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Gold Fields Stock Down 3.0 %

Shares of GFI stock opened at $20.13 on Friday. The company has a 50 day moving average price of $17.67 and a 200-day moving average price of $15.90. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $20.83. The firm has a market capitalization of $18.02 billion, a PE ratio of 8.57, a P/E/G ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be paid a $0.3752 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. Gold Fields’s payout ratio is currently 25.53%.

Gold Fields 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.