MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 337,761 Shares of Gold Fields Limited $GFI

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Gold Fields Limited by 24.8%, selling 337,761 shares and now holding approximately 1,024,172 shares valued at $22,624,000.
• Gold Fields has recently increased its semi-annual dividend to $0.3993 per share, representing a yield of 130.0% and demonstrating a commitment to returning value to shareholders.
• Analysts have mixed opinions on Gold Fields, with a current consensus rating of "Hold" and a price target range from $24.00 to $33.00.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its position in Gold Fields Limited (NYSE:GFI - Free Report) by 24.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,024,172 shares of the company's stock after selling 337,761 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.11% of Gold Fields worth $22,624,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GFI. Massachusetts Financial Services Co. MA increased its stake in Gold Fields by 1.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock valued at $99,567,000 after buying an additional 45,171 shares during the period. Amundi boosted its holdings in shares of Gold Fields by 17.8% during the 1st quarter. Amundi now owns 3,661,529 shares of the company's stock worth $82,934,000 after buying an additional 554,160 shares during the period. American Century Companies Inc. boosted its holdings in shares of Gold Fields by 6.0% during the 1st quarter. American Century Companies Inc. now owns 3,154,846 shares of the company's stock worth $69,691,000 after buying an additional 178,842 shares during the period. 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 valued at $58,376,000 after purchasing an additional 467,579 shares during the period. Finally, Clark Capital Management Group Inc. bought a new stake in Gold Fields in the 1st quarter valued at $49,186,000. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Price Performance

GFI traded down $0.39 on Friday, hitting $37.63. 3,569,760 shares of the stock were exchanged, compared to its average volume of 3,118,288. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $38.06. The business has a 50-day moving average of $29.30 and a two-hundred day moving average of $24.77. 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 market capitalization of $33.68 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 0.41 and a beta of 0.47.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 12th will be issued a $0.3993 dividend. This is a boost from Gold Fields's previous semi-annual dividend of $0.38. The ex-dividend date is Friday, September 12th. This represents a yield of 130.0%. Gold Fields's dividend payout ratio (DPR) is 26.81%.

Analyst Upgrades and Downgrades

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

Gold Fields Company 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.