Amundi boosted its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 17.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,661,529 shares of the company's stock after acquiring an additional 554,160 shares during the period. Amundi owned 0.41% of Gold Fields worth $82,934,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after buying an additional 649 shares in the last quarter. Bridgewater Advisors Inc. grew its holdings in Gold Fields by 4.9% during the 1st quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company's stock valued at $441,000 after buying an additional 934 shares in the last quarter. Richardson Financial Services Inc. purchased a new stake in Gold Fields during the 1st quarter valued at approximately $26,000. Parallel Advisors LLC grew its holdings in Gold Fields by 24.1% during the 1st quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock valued at $148,000 after buying an additional 1,298 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in Gold Fields by 3.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 37,971 shares of the company's stock valued at $839,000 after buying an additional 1,357 shares in the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.
Gold Fields Price Performance
Shares of GFI stock traded down $0.39 on Friday, reaching $37.63. The company's stock had a trading volume of 3,569,760 shares, compared to its average volume of 3,118,288. The stock's fifty day simple moving average is $29.30 and its 200-day simple moving average is $24.74. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $38.06. The company has a current ratio of 1.89, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $33.68 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 0.41 and a beta of 0.47.
Gold Fields Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.3993 per share. The ex-dividend date of this dividend is Friday, September 12th. This is a positive change from Gold Fields's previous semi-annual dividend of $0.38. This represents a yield of 130.0%. Gold Fields's payout ratio is presently 26.38%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on GFI shares. BMO Capital Markets increased their price objective on shares of Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a report on Monday, August 25th. Canaccord Genuity Group started coverage on shares of Gold Fields in a report on Monday, July 28th. They set a "buy" rating and a $33.00 price objective for the company. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Monday, September 1st. Finally, Capital One Financial set a $32.00 target price on shares of Gold Fields in a report on Friday, August 22nd. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Gold Fields presently has an average rating of "Hold" and an average target price of $25.11.
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About Gold Fields
(
Free Report)
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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