84,917 Shares in Gold Fields Limited $GFI Acquired by Paradiem LLC

Key Points

• Paradiem LLC acquired 84,917 shares of Gold Fields Limited, valued at approximately $2,010,000, during the second quarter.
• A variety of hedge funds increased their positions in Gold Fields, with Janney Montgomery Scott LLC notably boosting its stake by 4,428.7%.
• Gold Fields declared a semi-annual dividend of $0.3993, representing a dividend yield of 130.0%, an increase from the previous dividend of $0.38.

Paradiem LLC acquired a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 84,917 shares of the company's stock, valued at approximately $2,010,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its position in shares of Gold Fields by 4,428.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 415,505 shares of the company's stock worth $9,835,000 after purchasing an additional 406,330 shares during the period. Signaturefd LLC boosted its position in shares of Gold Fields by 6.0% during the 2nd quarter. Signaturefd LLC now owns 9,714 shares of the company's stock worth $230,000 after purchasing an additional 546 shares during the period. Novem Group purchased a new position in shares of Gold Fields during the 2nd quarter worth approximately $935,000. GAMMA Investing LLC boosted its position in shares of Gold Fields by 23.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,629 shares of the company's stock worth $110,000 after purchasing an additional 887 shares during the period. Finally, Park Avenue Securities LLC boosted its position in shares of Gold Fields by 17.0% during the 2nd quarter. Park Avenue Securities LLC now owns 58,073 shares of the company's stock worth $1,375,000 after purchasing an additional 8,455 shares during the period. Hedge funds and other institutional investors own 24.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a report on Monday, August 25th. Capital One Financial set a $32.00 target price on shares of Gold Fields in a report on Friday, August 22nd. Canaccord Genuity Group assumed coverage on shares of Gold Fields in a report on Monday, July 28th. They set a "buy" rating and a $33.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Gold Fields presently has an average rating of "Hold" and an average price target of $26.63.

Gold Fields Price Performance

Shares of GFI opened at $41.46 on Tuesday. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $42.74. The firm's fifty day simple moving average is $32.79 and its 200-day simple moving average is $26.39. The firm has a market capitalization of $37.11 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 0.41 and a beta of 0.47. The company has a current ratio of 1.89, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were issued a $0.3993 dividend. This represents a dividend yield of 130.0%. The ex-dividend date was Friday, September 12th. This is a positive change from Gold Fields's previous semi-annual dividend of $0.38. Gold Fields's dividend payout ratio (DPR) is 27.23%.

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.

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