Mitsubishi UFJ Trust & Banking Corp Raises Position in Gold Fields Limited (NYSE:GFI)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Gold Fields Limited (NYSE:GFI) by 177.5% during the 4th quarter, Holdings Channel reports. The firm owned 110,720 shares of the company’s stock after acquiring an additional 70,821 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Gold Fields were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cerity Partners LLC lifted its holdings in Gold Fields by 131.0% during the third quarter. Cerity Partners LLC now owns 31,152 shares of the company’s stock valued at $478,000 after purchasing an additional 17,664 shares in the last quarter. Bank of Montreal Can increased its stake in Gold Fields by 36.9% during the third 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Gold Fields during the 3rd quarter worth about $9,911,000. Bamco Inc. NY raised its stake in shares of Gold Fields by 4.8% in the 3rd quarter. Bamco Inc. NY now owns 2,018,817 shares of the company’s stock valued at $30,989,000 after acquiring an additional 92,571 shares during the period. Finally, Centiva Capital LP purchased a new stake in shares of Gold Fields in the 3rd quarter valued at $521,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Trading Up 3.0 %

Shares of Gold Fields stock opened at $22.75 on Wednesday. The stock has a market capitalization of $20.36 billion, a P/E ratio of 9.68, a PEG ratio of 0.30 and a beta of 1.14. The business’s fifty day moving average price is $19.24 and its 200 day moving average price is $16.56. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $23.02.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a dividend of $0.3752 per share. The ex-dividend date of this dividend was 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 payout ratio is presently 25.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Sunday. JPMorgan Chase & Co. increased their price target 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. Finally, Scotiabank lifted their target price on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.20.

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.