Bank of Montreal Can Has $3.40 Million Stock Holdings in Gold Fields Limited $GFI

Bank of Montreal Can reduced its position in Gold Fields Limited (NYSE:GFI) by 27.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 143,770 shares of the company’s stock after selling 55,305 shares during the period. Bank of Montreal Can’s holdings in Gold Fields were worth $3,403,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. bought a new stake in Gold Fields in the first quarter valued at approximately $26,000. IFP Advisors Inc increased its holdings in shares of Gold Fields by 672.1% during the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock worth $37,000 after acquiring an additional 1,351 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Gold Fields in the 1st quarter valued at $44,000. FNY Investment Advisers LLC bought a new stake in Gold Fields in the 2nd quarter valued at $47,000. Finally, SVB Wealth LLC acquired a new stake in Gold Fields during the 1st quarter valued at $48,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on GFI. Citigroup began coverage on shares of Gold Fields in a report on Tuesday, October 28th. They issued a “buy” rating and a $50.00 price objective on the stock. BMO Capital Markets upped their price target on shares of Gold Fields from $24.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. Investec cut shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 10th. Capital One Financial set a $32.00 price objective on Gold Fields in a report on Friday, August 22nd. Finally, Wall Street Zen raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.43.

Gold Fields Price Performance

NYSE GFI opened at $42.42 on Wednesday. The firm has a 50-day moving average price of $39.84 and a two-hundred day moving average price of $30.49. Gold Fields Limited has a 12-month low of $12.98 and a 12-month high of $47.18.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 12th were paid a dividend of $0.3993 per share. This is a boost from Gold Fields’s previous semi-annual dividend of $0.38. The ex-dividend date was Friday, September 12th. This represents a yield of 130.0%.

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.