Amundi Acquires 554,160 Shares of Gold Fields Limited $GFI

Key Points

• Amundi increased its stake in Gold Fields Limited by 17.8% in Q1, owning 3,661,529 shares valued at approximately $82.9 million.
• Gold Fields announced a dividend increase to $0.3993 per share, with a yield of 130.0% and a payout ratio of 26.81%.
• The stock of Gold Fields is currently trading around $34.38, showing a significant increase from its 52-week low of $12.98.

Amundi grew its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

Several other institutional investors have also recently made changes to their positions in GFI. Richardson Financial Services Inc. purchased a new stake in shares of Gold Fields during the first quarter worth $26,000. Banque Cantonale Vaudoise purchased a new stake in shares of Gold Fields during the first quarter worth $44,000. SVB Wealth LLC purchased a new stake in shares of Gold Fields during the first quarter worth $48,000. GAMMA Investing LLC grew its position in shares of 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 purchasing an additional 649 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Gold Fields by 67.1% during the 1st quarter. Blue Trust Inc. now owns 4,053 shares of the company's stock valued at $90,000 after purchasing an additional 1,627 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Price Performance

NYSE:GFI traded up $1.30 during midday trading on Wednesday, hitting $37.03. The company had a trading volume of 3,802,962 shares, compared to its average volume of 3,416,594. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $37.68. The stock's fifty day moving average price is $28.50 and its 200-day moving average price is $24.39. The company has a market capitalization of $33.14 billion, a PE ratio of 15.76, a P/E/G ratio of 0.38 and a beta of 0.47. The company has a quick ratio of 0.73, a current ratio of 1.89 and a debt-to-equity ratio of 0.40.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 12th will be given a $0.3993 dividend. This represents a yield of 130.0%. This is a boost from Gold Fields's previous semi-annual dividend of $0.38. The ex-dividend date is Friday, September 12th. Gold Fields's dividend payout ratio (DPR) is presently 26.81%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Capital One Financial set a $32.00 price target on shares of Gold Fields in a report on Friday, August 22nd. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 1st. Canaccord Genuity Group started coverage on Gold Fields in a research note on Monday, July 28th. They issued a "buy" rating and a $33.00 target price on the stock. Finally, BMO Capital Markets upped their target price on Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a research note on Monday, August 25th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Gold Fields currently has an average rating of "Hold" and a consensus price target of $25.11.

Gold Fields Profile

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.