Cubist Systematic Strategies LLC Makes New Investment in Gold Fields Limited $GFI

Key Points

• Cubist Systematic Strategies LLC purchased 456,405 shares of Gold Fields Limited, valued at approximately $10.08 million, representing a 0.05% ownership stake.
• Gold Fields has increased its semi-annual dividend to $0.3993 per share, which reflects a dividend yield of 130.0%.
• Analysts have mixed ratings for Gold Fields, with a consensus of "Hold" and price targets ranging up to $33.00.

Cubist Systematic Strategies LLC purchased a new stake in Gold Fields Limited (NYSE:GFI - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 456,405 shares of the company's stock, valued at approximately $10,082,000. Cubist Systematic Strategies LLC owned 0.05% of Gold Fields at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp acquired a new position in Gold Fields in the first quarter worth $2,381,000. B. Metzler seel. Sohn & Co. AG lifted its stake in shares of Gold Fields by 76.0% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 34,315 shares of the company's stock valued at $758,000 after acquiring an additional 14,818 shares during the period. Transamerica Financial Advisors LLC acquired a new position in shares of Gold Fields during the first quarter valued at $117,000. FORA Capital LLC acquired a new position in shares of Gold Fields during the first quarter valued at $1,017,000. Finally, Jump Financial LLC acquired a new position in shares of Gold Fields during the first quarter valued at $352,000. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Stock Performance

Shares of GFI traded up $0.98 during mid-day trading on Friday, reaching $34.38. The company's stock had a trading volume of 3,102,090 shares, compared to its average volume of 2,968,143. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $35.39. The stock has a market cap of $30.77 billion, a P/E ratio of 14.63, a PEG ratio of 0.36 and a beta of 0.47. The business has a 50-day simple moving average of $28.02 and a two-hundred day simple moving average of $24.12. 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 business 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. This is a boost from Gold Fields's previous semi-annual dividend of $0.38. The ex-dividend date is Friday, September 12th. This represents a yield of 130.0%. Gold Fields's dividend payout ratio is 26.38%.

Analyst Ratings Changes

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

Gold Fields Company 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.