183,031 Gold Fields Limited $GFI Shares Purchased by U S Global Investors Inc.

Key Points

• U.S. Global Investors increased its Gold Fields stake by 732.1% in the third quarter, purchasing 183,031 additional shares for a total holding of 208,031 shares valued at approximately $7.5 million.
• Gold Fields shares opened at $35.08, down 4.7%, and remained below both their 50-day and 200-day moving averages. Institutional investors and hedge funds collectively own 24.81% of the company.
• Analyst sentiment is mixed, with Gold Fields carrying a consensus “Hold” rating and an average price target of $52.46; the company also recently announced a dividend listed in the article as $1.0144 per share.

U S Global Investors Inc. lifted its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 732.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 208,031 shares of the company's stock after purchasing an additional 183,031 shares during the quarter. U S Global Investors Inc.'s holdings in Gold Fields were worth $7,514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its position in shares of Gold Fields by 4.5% in the 1st quarter. Blue Trust Inc. now owns 4,957 shares of the company's stock worth $225,000 after acquiring an additional 215 shares in the last quarter. Manning & Napier Advisors LLC grew its position in Gold Fields by 0.3% in the 1st quarter. Manning & Napier Advisors LLC now owns 79,680 shares of the company's stock worth $3,617,000 after purchasing an additional 241 shares in the last quarter. SmartHarvest Portfolios LLC increased its position in shares of Gold Fields by 5.9% during the first quarter. SmartHarvest Portfolios LLC now owns 4,868 shares of the company's stock valued at $221,000 after acquiring an additional 273 shares during the last quarter. Allworth Financial LP raised its stake in shares of Gold Fields by 11.8% during the 2nd quarter. Allworth Financial LP now owns 2,631 shares of the company's stock worth $88,000 after purchasing an additional 277 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Gold Fields by 5.2% in the third quarter. GAMMA Investing LLC now owns 6,858 shares of the company's stock valued at $248,000 after acquiring an additional 337 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Down 4.7%

NYSE GFI opened at $35.08 on Friday. The stock's 50-day moving average price is $41.37 and its 200-day moving average price is $39.83. Gold Fields Limited has a 52 week low of $31.11 and a 52 week high of $61.64.

Gold Fields Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were issued a $1.0144 dividend. This represents a yield of 450.0%. The ex-dividend date of this dividend was Friday, September 11th.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Gold Fields from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. Zacks Research cut shares of Gold Fields from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 21st. The Goldman Sachs Group started coverage on shares of Gold Fields in a research report on Thursday, October 15th. They set a "neutral" rating and a $38.00 price target for the company. Scotiabank lowered their price target on Gold Fields from $60.00 to $52.00 and set a "sector perform" rating for the company in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada upped their price target on Gold Fields from $49.00 to $54.00 and gave the company an "outperform" rating in a report on Wednesday, September 16th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Gold Fields currently has a consensus rating of "Hold" and a consensus target price of $52.46.

About Gold Fields

Gold Fields Limited NYSE: GFI is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and refined gold for sale to international markets. Its activities include mine development, underground and open-pit mining, ore processing and exploration for additional mineral resources.

Gold Fields has a history dating to 1887 and has grown into one of the world's major gold-mining companies through acquisitions, partnerships and the development of its own projects.

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