Amundi Purchases 211,333 Shares of Gold Fields Limited (NYSE:GFI)

Amundi increased its position in Gold Fields Limited (NYSE:GFI) by 7.3% during the fourth quarter, Holdings Channel reports. The firm owned 3,107,369 shares of the company’s stock after buying an additional 211,333 shares during the quarter. Amundi’s holdings in Gold Fields were worth $44,684,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Rhumbline Advisers raised its holdings in shares of 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 period. Concurrent Investment Advisors LLC raised its holdings in shares of Gold Fields by 8.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after purchasing an additional 850 shares during the period. US Bancorp DE raised its holdings in shares of Gold Fields by 18.9% in the 4th quarter. US Bancorp DE now owns 11,484 shares of the company’s stock valued at $152,000 after purchasing an additional 1,829 shares during the period. Atomi Financial Group Inc. raised its holdings in shares of Gold Fields by 10.5% in the 4th quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company’s stock valued at $279,000 after purchasing an additional 2,014 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in shares of Gold Fields by 11.1% in the 3rd quarter. Quantinno Capital Management LP now owns 21,205 shares of the company’s stock valued at $326,000 after purchasing an additional 2,118 shares during the period. 24.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

GFI has been the topic of a number of research analyst reports. StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. increased their price target on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Finally, Scotiabank increased their price target on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.20.

Gold Fields Stock Down 1.6 %

Gold Fields stock opened at $20.20 on Thursday. The stock has a market cap of $18.08 billion, a P/E ratio of 8.60, a P/E/G ratio of 0.30 and a beta of 1.14. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $20.63. The company’s 50-day moving average price is $17.41 and its two-hundred day moving average price is $15.81.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be given a dividend of $0.3752 per share. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, March 14th. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s dividend payout ratio is presently 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.