Edmond DE Rothschild Holding S.A. Buys 28,713 Shares of 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. lifted its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 59.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,078 shares of the company's stock after acquiring 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 reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its position in shares of Gold Fields by 1.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock valued at $99,567,000 after purchasing an additional 45,171 shares during the period. Amundi boosted its holdings in Gold Fields by 17.8% during the first quarter. Amundi now owns 3,661,529 shares of the company's stock valued at $82,934,000 after acquiring an additional 554,160 shares during the period. American Century Companies Inc. increased its stake in shares of Gold Fields by 6.0% in the first quarter. American Century Companies Inc. now owns 3,154,846 shares of the company's stock worth $69,691,000 after purchasing an additional 178,842 shares during the period. Deutsche Bank AG lifted its position in shares of Gold Fields by 21.5% during the 1st quarter. Deutsche Bank AG now owns 2,642,663 shares of the company's stock worth $58,376,000 after purchasing an additional 467,579 shares during the last quarter. Finally, Clark Capital Management Group Inc. bought a new stake in Gold Fields during the 1st quarter valued at approximately $49,186,000. Institutional investors own 24.81% of the company's stock.

Gold Fields Price Performance

Shares of NYSE GFI traded up $0.64 during midday trading on Thursday, reaching $37.60. 1,339,748 shares of the company traded hands, compared to its average volume of 3,404,049. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $37.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.89. The stock's 50-day simple moving average is $28.76 and its 200-day simple moving average is $24.48. The firm has a market cap of $33.65 billion, a PE ratio of 16.00, a PEG ratio of 0.38 and a beta of 0.47.

Gold Fields Increases Dividend

The company 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 positive change 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 payout ratio is currently 26.38%.

Analyst Ratings Changes

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

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.