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

Amundi raised its holdings in shares of Gold Fields Limited (NYSE:GFI) by 7.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,107,369 shares of the company’s stock after acquiring an additional 211,333 shares during the period. Amundi owned approximately 0.35% of Gold Fields worth $44,684,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rhumbline Advisers grew 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 buying an additional 720 shares during the period. Concurrent Investment Advisors LLC grew 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 buying an additional 850 shares during the period. US Bancorp DE grew 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 buying an additional 1,829 shares during the period. Atomi Financial Group Inc. grew 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 buying an additional 2,014 shares during the period. Finally, Quantinno Capital Management LP grew 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 buying an additional 2,118 shares during the period. Institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of NYSE:GFI opened at $20.20 on Thursday. The company’s 50-day moving average price is $17.41 and its two-hundred day moving average price is $15.81. Gold Fields Limited has a one year low of $12.98 and a one year high of $20.63. The stock has a market capitalization of $18.08 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. This represents a yield of 1.6%. Gold Fields’s payout ratio is 25.53%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GFI shares. StockNews.com lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 6th. Scotiabank upped their target price on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.20.

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.