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

Mitsubishi UFJ Trust & Banking Corp boosted its position in Gold Fields Limited (NYSE:GFI) by 177.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,720 shares of the company’s stock after purchasing an additional 70,821 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Gold Fields were worth $1,462,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. DJE Kapital AG bought a new stake in shares of Gold Fields during the 4th quarter valued at $33,486,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Gold Fields during the third quarter valued at about $9,911,000. Ashton Thomas Private Wealth LLC purchased a new stake in Gold Fields in the fourth quarter worth about $4,979,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Gold Fields by 78.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company’s stock worth $7,735,000 after buying an additional 257,081 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Gold Fields during the 4th quarter valued at about $3,076,000. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Trading Up 3.0 %

Shares of NYSE:GFI opened at $22.75 on Wednesday. The company has a 50-day moving average price of $19.24 and a 200 day moving average price of $16.56. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $23.02. The company has a market cap of $20.36 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid a $0.3752 dividend. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Friday, March 14th. This represents a yield of 1.6%. Gold Fields’s dividend payout ratio (DPR) is presently 25.96%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GFI. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Sunday. JPMorgan Chase & Co. increased their price objective 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 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 report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.