Gold Fields Limited $GFI Shares Purchased by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased their stake in Gold Fields Limited by an impressive 1,264.9% in the second quarter, acquiring a total of 12,093 shares valued at $286,000.
• Gold Fields has recently seen a series of institutional investors enhance their positions, with Clark Capital Management investing $49 million and other firms also significantly increasing their shareholdings in the first quarter.
• The company declared a new semi-annual dividend of $0.3993, marking a yield increase of 130.0%, which reflects its strengthening financial performance.

Farther Finance Advisors LLC boosted its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 1,264.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 12,093 shares of the company's stock after purchasing an additional 11,207 shares during the period. Farther Finance Advisors LLC's holdings in Gold Fields were worth $286,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Clark Capital Management Group Inc. acquired a new position in shares of Gold Fields in the first quarter worth $49,186,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Gold Fields in the first quarter worth $30,914,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Gold Fields by 153.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock worth $32,832,000 after acquiring an additional 900,317 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Gold Fields by 169.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 931,777 shares of the company's stock worth $20,583,000 after acquiring an additional 585,950 shares in the last quarter. Finally, Amundi grew its stake in shares of Gold Fields by 17.8% in the first quarter. Amundi now owns 3,661,529 shares of the company's stock worth $82,934,000 after acquiring an additional 554,160 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Wall Street Analysts Forecast Growth

GFI has been the subject of several research reports. Capital One Financial set a $32.00 price target on shares of Gold Fields in a research note on Friday, August 22nd. BMO Capital Markets lifted their price objective on shares of Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a research report on Monday, August 25th. Canaccord Genuity Group initiated 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. Finally, Wall Street Zen raised shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Friday. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Gold Fields presently has a consensus rating of "Hold" and an average price target of $26.63.

Gold Fields Price Performance

Shares of GFI opened at $41.46 on Tuesday. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $42.74. The stock has a market cap of $37.11 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 0.41 and a beta of 0.47. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.89 and a quick ratio of 0.73. The firm has a fifty day moving average price of $32.79 and a 200 day moving average price of $26.39.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 12th were given a $0.3993 dividend. This represents a yield of 130.0%. This is a boost from Gold Fields's previous semi-annual dividend of $0.38. The ex-dividend date of this dividend was Friday, September 12th. Gold Fields's dividend payout ratio is presently 27.23%.

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.

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