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

US Bancorp DE increased its holdings in Gold Fields Limited (NYSE:GFI) by 18.9% during the fourth quarter, HoldingsChannel.com reports. 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.

Other institutional investors and hedge funds also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Gold Fields in the third quarter worth approximately $209,000. Rhumbline Advisers boosted its holdings in shares of Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after buying an additional 720 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Gold Fields by 10.5% in the fourth quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company’s stock worth $279,000 after buying an additional 2,014 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Gold Fields by 11.1% in the third quarter. Quantinno Capital Management LP now owns 21,205 shares of the company’s stock worth $326,000 after buying an additional 2,118 shares during the last quarter. Finally, D.A. Davidson & CO. purchased a new position in shares of Gold Fields in the fourth quarter worth approximately $428,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GFI. JPMorgan Chase & Co. raised their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Scotiabank lifted 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 investment 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.20.

Gold Fields Price Performance

Shares of NYSE:GFI opened at $20.13 on Friday. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $20.83. The company has a market capitalization of $18.02 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.30 and a beta of 1.14. The firm’s 50 day simple moving average is $17.67 and its two-hundred day simple moving average is $15.90.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be given a dividend of $0.3752 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 1.6%. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s dividend payout ratio (DPR) is presently 25.53%.

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.