B. Metzler seel. Sohn & Co. AG Has $758,000 Stake in Gold Fields Limited $GFI

Key Points

• B. Metzler seel. Sohn & Co. AG increased its holdings in Gold Fields Limited by 76.0%, acquiring an additional 14,818 shares in the first quarter, bringing their total to 34,315 shares valued at $758,000.
• A number of institutional investors, including Robeco Institutional Asset Management and Deutsche Bank AG, have also significantly raised their positions in Gold Fields, highlighting a growing interest in the company.
• Gold Fields announced a boost in its semi-annual dividend to $0.3993, set to be paid on September 25th, reflecting a strong dividend yield of 130.0%.

B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 76.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 34,315 shares of the company's stock after purchasing an additional 14,818 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Gold Fields were worth $758,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GFI. GAMMA Investing LLC lifted 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 purchasing an additional 649 shares during the last quarter. Bridgewater Advisors Inc. lifted 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 purchasing an additional 934 shares during the last quarter. Richardson Financial Services Inc. acquired a new stake in Gold Fields during the 1st quarter valued at $26,000. Parallel Advisors LLC lifted 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 purchasing an additional 1,298 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted 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 purchasing an additional 1,357 shares during the last quarter. Institutional investors own 24.81% of the company's stock.

Gold Fields Price Performance

Shares of NYSE:GFI traded down $1.60 during trading on Thursday, hitting $33.40. 2,596,572 shares of the company were exchanged, compared to its average volume of 3,407,285. The business's 50 day moving average is $27.60 and its 200-day moving average is $23.91. The company has a market capitalization of $29.89 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 0.36 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 Limited has a 1-year low of $12.98 and a 1-year high of $35.39.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be paid a $0.3993 dividend. This is an increase from Gold Fields's previous semi-annual dividend of $0.38. This represents a dividend yield of 130.0%. The ex-dividend date of this dividend is Friday, September 12th. Gold Fields's payout ratio is currently 26.81%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GFI shares. Canaccord Genuity Group started coverage on shares of Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 price objective for the company. Capital One Financial set a $32.00 price objective on shares of Gold Fields in a research report on Friday, August 22nd. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Monday. Finally, BMO Capital Markets lifted their target price on Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a report 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, Gold Fields presently 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.