Edmond DE Rothschild Holding S.A. Increases Stock Position in Gold Fields Limited $GFI

Key Points

• Edmond DE Rothschild Holding S.A. increased its holdings in Gold Fields Limited by 59.4% in the first quarter, now owning 77,078 shares valued at approximately $1.7 million.
• Gold Fields announced a semi-annual dividend of $0.3993 per share, a boost from the previous dividend, with a yield of 130.0%.
• Analyst sentiments are mixed with some upgrades; BMO Capital Markets raised its target price from $24.00 to $32.00 while maintaining a "market perform" rating.

Edmond DE Rothschild Holding S.A. boosted its position in Gold Fields Limited (NYSE:GFI - Free Report) by 59.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,078 shares of the company's stock after buying an additional 28,713 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Gold Fields were worth $1,703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GFI. GAMMA Investing LLC increased its holdings in Gold Fields by 21.0% in the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after purchasing an additional 649 shares in the last quarter. Bridgewater Advisors Inc. boosted its holdings in Gold Fields by 4.9% in the first quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company's stock worth $441,000 after acquiring an additional 934 shares in the last quarter. Richardson Financial Services Inc. bought a new position in Gold Fields in the first quarter worth approximately $26,000. Parallel Advisors LLC boosted its holdings in Gold Fields by 24.1% in the first quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock worth $148,000 after acquiring an additional 1,298 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Gold Fields by 3.7% in the first quarter. SBI Securities Co. Ltd. now owns 37,971 shares of the company's stock worth $839,000 after acquiring an additional 1,357 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GFI. Canaccord Genuity Group started coverage on Gold Fields in a report on Monday, July 28th. They issued a "buy" rating and a $33.00 price target on the stock. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Monday, September 1st. BMO Capital Markets boosted 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 objective on Gold Fields in a report on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $25.11.

Gold Fields Stock Performance

Shares of GFI stock traded up $1.30 during trading hours on Wednesday, hitting $37.03. 3,355,998 shares of the company were exchanged, compared to its average volume of 3,412,001. The stock has a market capitalization of $33.14 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 0.38 and a beta of 0.47. 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 firm has a fifty day simple moving average of $28.50 and a 200 day simple moving average of $24.39. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $37.68.

Gold Fields Increases Dividend

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

About Gold Fields

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.