Generali Investments CEE investicni spolecnost a.s. Makes New Investment in Gold Fields Limited (NYSE:GFI)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in Gold Fields Limited (NYSE:GFI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 233,000 shares of the company’s stock, valued at approximately $3,076,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in Gold Fields by 18.9% in the fourth quarter. US Bancorp DE now owns 11,484 shares of the company’s stock worth $152,000 after acquiring an additional 1,829 shares in the last quarter. QRG Capital Management Inc. bought a new position in Gold Fields in the third quarter worth approximately $160,000. Concurrent Investment Advisors LLC boosted its holdings in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after acquiring an additional 850 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Gold Fields in the third quarter worth approximately $209,000. Finally, Rhumbline Advisers boosted its holdings in 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 acquiring an additional 720 shares in the last quarter. Institutional investors own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Gold Fields Trading Up 4.8 %

Shares of Gold Fields stock opened at $20.25 on Friday. The business’s fifty day simple moving average is $16.99 and its 200 day simple moving average is $15.73. The firm has a market capitalization of $18.12 billion, a P/E ratio of 8.62, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $20.40.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be issued a dividend of $0.3752 per share. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. This represents a yield of 1.6%. The ex-dividend date of this dividend is Friday, March 14th. Gold Fields’s dividend payout ratio (DPR) is 11.49%.

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.