Ativo Capital Management LLC Purchases New Holdings in Gold Fields Limited $GFI

Key Points

• Ativo Capital Management acquired a new 40,840-share position in Gold Fields during the third quarter, valued at approximately $1.475 million. Institutional investors collectively own 24.81% of the company.
• Analyst sentiment is mixed: six analysts rate Gold Fields a Buy, two rate it Hold and two rate it Sell. The stock has a consensus rating of Hold and an average price target of $52.46.
• Gold Fields shares opened at $36.20, compared with a 12-month range of $31.11 to $61.64. The company recently paid a dividend of $1.0144 per share, though the article’s stated 450% yield appears inconsistent with the reported share price.

Ativo Capital Management LLC bought a new stake in Gold Fields Limited (NYSE:GFI - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 40,840 shares of the company's stock, valued at approximately $1,475,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of Gold Fields by 62.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company's stock valued at $114,147,000 after acquiring an additional 910,580 shares during the period. Lazard Asset Management LLC grew its holdings in Gold Fields by 8.5% during the first quarter. Lazard Asset Management LLC now owns 1,280,861 shares of the company's stock worth $58,151,000 after purchasing an additional 99,983 shares during the period. RWC Asset Management LLP increased its position in Gold Fields by 27.8% during the third quarter. RWC Asset Management LLP now owns 1,445,789 shares of the company's stock worth $52,222,000 after buying an additional 314,381 shares during the last quarter. Royal Bank of Canada increased its position in Gold Fields by 2.5% during the first quarter. Royal Bank of Canada now owns 1,061,295 shares of the company's stock worth $48,182,000 after buying an additional 25,635 shares during the last quarter. Finally, RWC Asset Advisors US LLC increased its position in Gold Fields by 40.2% during the third quarter. RWC Asset Advisors US LLC now owns 1,329,744 shares of the company's stock worth $48,030,000 after buying an additional 381,312 shares during the last quarter. 24.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GFI. JPMorgan Chase & Co. reduced their target price on Gold Fields from $75.00 to $55.00 and set an "overweight" rating for the company in a research note on Thursday, July 16th. Weiss Ratings restated a "buy (b-)" rating on shares of Gold Fields in a research note on Monday, August 31st. Royal Bank Of Canada increased their price target on Gold Fields from $49.00 to $54.00 and gave the company an "outperform" rating in a research note on Wednesday, September 16th. The Goldman Sachs Group assumed coverage on Gold Fields in a report on Thursday, October 15th. They set a "neutral" rating and a $38.00 price target for the company. Finally, Scotiabank reduced their price objective on shares of 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. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Gold Fields currently has a consensus rating of "Hold" and a consensus price target of $52.46.

Gold Fields Stock Up 1.3%

GFI opened at $36.20 on Thursday. Gold Fields Limited has a twelve month low of $31.11 and a twelve month high of $61.64. The company has a 50-day simple moving average of $40.80 and a 200 day simple moving average of $42.87.

Gold Fields Dividend Announcement

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

Gold Fields Profile

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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