Bank of Montreal Can Makes New Investment in Gold Fields Limited (NYSE:GFI)

Bank of Montreal Can bought a new position in shares of Gold Fields Limited (NYSE:GFI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 249,817 shares of the company’s stock, valued at approximately $3,776,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC grew its position in Gold Fields by 30.4% during the second quarter. LPL Financial LLC now owns 42,890 shares of the company’s stock worth $593,000 after buying an additional 10,011 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Gold Fields by 10.6% in the second quarter. Crossmark Global Holdings Inc. now owns 56,081 shares of the company’s stock valued at $861,000 after purchasing an additional 5,396 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Gold Fields in the second quarter valued at approximately $545,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Gold Fields by 5.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,013 shares of the company’s stock valued at $235,000 after purchasing an additional 818 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Gold Fields by 10.5% in the second quarter. Victory Capital Management Inc. now owns 2,008,458 shares of the company’s stock valued at $27,777,000 after purchasing an additional 190,080 shares during the last quarter. 20.99% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Performance

Shares of NYSE GFI opened at $13.98 on Monday. Gold Fields Limited has a 1 year low of $8.23 and a 1 year high of $17.78. The firm’s 50 day moving average price is $12.57 and its 200 day moving average price is $13.91.

Gold Fields Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 21st. Shareholders of record on Friday, September 8th were paid a dividend of $0.1711 per share. This represents a yield of 4%. The ex-dividend date was Thursday, September 7th.

Wall Street Analysts Forecast Growth

GFI has been the topic of several research reports. Morgan Stanley lowered shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, October 18th. JPMorgan Chase & Co. upgraded shares of Gold Fields from an “underweight” rating to a “neutral” rating and set a $14.00 price target on the stock in a research report on Thursday, October 12th. StockNews.com lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 7th. Finally, Scotiabank decreased their target price on shares of Gold Fields from $18.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.83.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.