FORA Capital LLC Acquires New Holdings in Gold Fields Limited $GFI

Key Points

• FORA Capital LLC acquired a new stake in Gold Fields Limited, purchasing 46,038 shares valued at approximately $1,017,000 in the first quarter.
• Gold Fields has announced a semi-annual dividend increase to $0.3993, representing a yield of 130.0%, with the payout date set for September 25th.
• Following multiple analyst upgrades, Gold Fields stock has a current market capitalization of $29.45 billion and a price-to-earnings ratio of 14.00.

FORA Capital LLC purchased a new position in Gold Fields Limited (NYSE:GFI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 46,038 shares of the company's stock, valued at approximately $1,017,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew 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. American Century Companies Inc. lifted its stake in Gold Fields by 6.0% in the 1st quarter. American Century Companies Inc. now owns 3,154,846 shares of the company's stock valued at $69,691,000 after buying an additional 178,842 shares in the last quarter. Deutsche Bank AG boosted its holdings in Gold Fields by 21.5% in the 1st quarter. Deutsche Bank AG now owns 2,642,663 shares of the company's stock worth $58,376,000 after buying an additional 467,579 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Gold Fields by 153.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock worth $32,832,000 after buying an additional 900,317 shares during the last quarter. Finally, Man Group plc increased its stake in Gold Fields by 119.9% during the 4th quarter. Man Group plc now owns 1,417,329 shares of the company's stock worth $18,709,000 after buying an additional 772,928 shares in the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Trading Up 2.7%

NYSE:GFI traded up $0.90 during trading hours on Tuesday, hitting $34.38. The company had a trading volume of 5,110,017 shares, compared to its average volume of 3,040,606. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $34.68. The company has a market cap of $30.77 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.36 and a beta of 0.47. The company has a 50-day moving average of $27.38 and a 200 day moving average of $23.84. 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 company also recently declared 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 a positive change from Gold Fields's previous semi-annual dividend of $0.38. The ex-dividend date of this dividend is Friday, September 12th. This represents a dividend yield of 130.0%. Gold Fields's dividend payout ratio is currently 26.38%.

Analysts Set New Price Targets

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