Northern Trust Corp Raises Holdings in Gold Fields Limited $GFI

Northern Trust Corp boosted its stake in shares of Gold Fields Limited (NYSE:GFI) by 5.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 424,520 shares of the company’s stock after acquiring an additional 23,840 shares during the period. Northern Trust Corp’s holdings in Gold Fields were worth $9,378,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GFI. Robeco Institutional Asset Management B.V. increased its holdings in shares of Gold Fields by 153.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company’s stock valued at $32,832,000 after acquiring an additional 900,317 shares during the last quarter. Man Group plc increased its holdings in shares of Gold Fields by 119.9% in the 4th quarter. Man Group plc now owns 1,417,329 shares of the company’s stock valued at $18,709,000 after acquiring an additional 772,928 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in shares of Gold Fields in the 4th quarter valued at about $9,033,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Gold Fields by 169.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 931,777 shares of the company’s stock valued at $20,583,000 after acquiring an additional 585,950 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Gold Fields by 21.5% in the 1st quarter. Deutsche Bank AG now owns 2,642,663 shares of the company’s stock valued at $58,376,000 after acquiring an additional 467,579 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Up 2.9%

Gold Fields stock opened at $34.38 on Friday. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $35.39. The stock has a 50 day moving average of $28.02 and a two-hundred day moving average of $24.12. The company has a current ratio of 1.89, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $30.77 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 0.36 and a beta of 0.47.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 12th will be issued a $0.3993 dividend. This represents a yield of 130.0%. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.38. The ex-dividend date of this dividend is Friday, September 12th. Gold Fields’s dividend payout ratio is currently 26.38%.

Analysts Set New Price Targets

GFI has been the topic of a number of research reports. Capital One Financial set a $32.00 price target on Gold Fields in a research note on Friday, August 22nd. Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 1st. Canaccord Genuity Group initiated coverage on Gold Fields in a research note on Monday, July 28th. They set a “buy” rating and a $33.00 price target on the stock. Finally, BMO Capital Markets raised their price target on Gold Fields from $24.00 to $32.00 and gave the stock a “market perform” rating in a research note on Monday, August 25th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.11.

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.