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. cut its holdings 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 Securities and Exchange Commission. The institutional investor owned 1,024,172 shares of the company's stock after selling 337,761 shares during the period. 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 Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in GFI. Raymond James Financial Inc. bought a new position in shares of Gold Fields in the 4th quarter worth about $362,000. First Trust Advisors LP increased its position in Gold Fields by 9.4% in the 4th quarter. First Trust Advisors LP now owns 27,944 shares of the company's stock valued at $369,000 after buying an additional 2,412 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Gold Fields in the 4th quarter valued at about $155,000. Northern Trust Corp increased its position in Gold Fields by 258.4% in the 4th quarter. Northern Trust Corp now owns 400,680 shares of the company's stock valued at $5,289,000 after buying an additional 288,887 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Gold Fields by 11.0% in the 4th quarter. Ameriprise Financial Inc. now owns 21,349 shares of the company's stock valued at $282,000 after buying an additional 2,111 shares in the last quarter. 24.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Canaccord Genuity Group assumed coverage on Gold Fields in a research report on Monday, July 28th. They issued a "buy" rating and a $33.00 target price for the company. Capital One Financial set a $32.00 target price on Gold Fields in a research note on Friday, August 22nd. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 1st. Finally, BMO Capital Markets upped their price objective on Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, August 25th. Three research 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 a consensus rating of "Hold" and a consensus price target of $25.11.

Gold Fields Price Performance

Gold Fields stock opened at $34.38 on Monday. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $35.39. The company has a current ratio of 1.89, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. The business's 50 day simple moving average is $28.02 and its 200 day simple moving average is $24.19. The company has a market cap of $30.77 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 0.37 and a beta of 0.47.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 12th will be given a dividend of $0.3993 per share. This is an increase from Gold Fields's previous semi-annual dividend of $0.38. This represents a dividend yield of 130.0%. The ex-dividend date is Friday, September 12th. Gold Fields's dividend payout ratio (DPR) is currently 26.38%.

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.

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