Bank of New York Mellon Corp Has $600,000 Position in Gold Fields Limited (NYSE:GFI)

Bank of New York Mellon Corp raised its stake in Gold Fields Limited (NYSE:GFI) by 18.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 45,442 shares of the company’s stock after purchasing an additional 6,974 shares during the quarter. Bank of New York Mellon Corp’s holdings in Gold Fields were worth $600,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its holdings in shares of Gold Fields by 4.3% during the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after acquiring an additional 720 shares in the last quarter. Atomi Financial Group Inc. boosted its position in Gold Fields by 10.5% during the fourth quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company’s stock valued at $279,000 after purchasing an additional 2,014 shares during the last quarter. Quantinno Capital Management LP grew its stake in Gold Fields by 11.1% in the third quarter. Quantinno Capital Management LP now owns 21,205 shares of the company’s stock valued at $326,000 after purchasing an additional 2,118 shares in the last quarter. D.A. Davidson & CO. acquired a new position in Gold Fields in the 4th quarter worth about $428,000. Finally, Cerity Partners LLC raised its stake in shares of Gold Fields by 131.0% during the 3rd quarter. Cerity Partners LLC now owns 31,152 shares of the company’s stock worth $478,000 after purchasing an additional 17,664 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GFI. Scotiabank boosted their price target 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. StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Gold Fields presently has an average rating of “Hold” and an average target price of $17.20.

Gold Fields Stock Performance

GFI opened at $20.60 on Thursday. The company has a market cap of $18.44 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The stock has a 50-day moving average of $18.72 and a 200-day moving average of $16.31. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $22.18.

Gold Fields Increases Dividend

The business also recently announced 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 is Friday, March 14th. This represents a 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 is presently 25.96%.

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.