Connor Clark & Lunn Investment Management Ltd. Acquires 34,081 Shares of Gold Fields Limited (NYSE:GFI)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Gold Fields Limited (NYSE:GFI) by 10.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 345,827 shares of the company’s stock after purchasing an additional 34,081 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Gold Fields were worth $4,565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Net Worth Advisory Group bought a new position in shares of Gold Fields during the 4th quarter valued at approximately $136,000. Sequoia Financial Advisors LLC bought a new position in shares of Gold Fields during the 4th quarter valued at approximately $141,000. US Bancorp DE boosted its position in shares of Gold Fields by 18.9% during the 4th quarter. US Bancorp DE now owns 11,484 shares of the company’s stock valued at $152,000 after acquiring an additional 1,829 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Gold Fields during the 3rd quarter valued at approximately $209,000. Finally, Rhumbline Advisers boosted its position 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 during the last quarter. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Stock Down 3.0 %

Shares of GFI opened at $20.13 on Monday. The business has a fifty day moving average of $17.67 and a 200 day moving average of $15.91. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $20.83. The company has a market cap of $18.02 billion, a PE ratio of 8.57, a P/E/G ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be 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 is Friday, March 14th. This represents a yield of 1.6%. Gold Fields’s dividend payout ratio (DPR) is presently 25.53%.

Analyst Ratings Changes

A number of research analysts have recently commented on GFI shares. JPMorgan Chase & Co. increased their target price on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Scotiabank raised their price target on Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 25th. Finally, StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Friday. Four research 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.20.

About Gold Fields

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.