41,966 Shares in Gold Fields Limited $GFI Bought by Marshall Financial Group LLC

Key Points

• Marshall Financial Group LLC invested approximately $1.04 million in Gold Fields Limited by purchasing 41,966 shares during the second quarter.
• Gold Fields has declared a semi-annual dividend of $0.3993 per share, reflecting a 130.0% yield, an increase from the prior dividend of $0.38.
• Analyst ratings for Gold Fields vary, with BMO Capital Markets raising their target price to $32.00 while Wall Street Zen downgraded their rating from "strong-buy" to "buy".

Marshall Financial Group LLC bought a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 41,966 shares of the company's stock, valued at approximately $1,042,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its holdings in Gold Fields by 47.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 15,756 shares of the company's stock valued at $348,000 after buying an additional 5,102 shares in the last quarter. GAMMA Investing LLC lifted its stake in Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after acquiring an additional 649 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Gold Fields during the 1st quarter worth about $8,075,000. Stratos Wealth Partners LTD. acquired a new position in Gold Fields during the 1st quarter worth about $624,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Gold Fields in the 1st quarter valued at about $2,914,000. Hedge funds and other institutional investors own 24.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 1st. Capital One Financial set a $32.00 target price on Gold Fields in a report on Friday, August 22nd. BMO Capital Markets upped their price target on shares of Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a research note on Monday, August 25th. Finally, Canaccord Genuity Group started coverage on Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $26.63.

Gold Fields Stock Up 1.7%

NYSE:GFI traded up $0.71 during trading hours on Monday, hitting $42.03. 2,747,950 shares of the company's stock traded hands, compared to its average volume of 3,428,786. The stock's fifty day moving average price is $30.79 and its two-hundred day moving average price is $25.52. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.89. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $42.15. The firm has a market cap of $37.62 billion, a P/E ratio of 17.89, a P/E/G ratio of 0.42 and a beta of 0.47.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 12th will be issued 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 yield of 130.0%. Gold Fields's payout ratio is currently 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.