Novem Group Buys Shares of 39,503 Gold Fields Limited $GFI

Key Points

• Novem Group has acquired a new stake in Gold Fields Limited, purchasing 39,503 shares valued at approximately $935,000 during Q2.
• Gold Fields announced a semi-annual dividend of $0.3993, increasing from the previous $0.38, which reflects a high dividend yield of 130.0%.
• Gold Fields stock was reported at $40.79, showing a 3.7% increase, and has a market cap of $36.51 billion with a P/E ratio of 17.36.

Novem Group bought a new stake in Gold Fields Limited (NYSE:GFI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 39,503 shares of the company's stock, valued at approximately $935,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its stake in Gold Fields by 47.9% in the first quarter. Sequoia Financial Advisors LLC now owns 15,756 shares of the company's stock valued at $348,000 after purchasing an additional 5,102 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of 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. bought a new stake in shares of Gold Fields during the 1st quarter worth about $8,075,000. Stratos Wealth Partners LTD. bought a new stake in shares of Gold Fields during the 1st quarter worth about $624,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Gold Fields during the 1st quarter worth about $2,914,000. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Stock Up 3.7%

Shares of GFI stock opened at $40.79 on Friday. The stock has a market cap of $36.51 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 0.40 and a beta of 0.47. Gold Fields Limited has a one year low of $12.98 and a one year high of $42.74. The stock has a fifty day moving average price of $32.47 and a 200 day moving average price of $26.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.89 and a quick ratio of 0.73.

Gold Fields Increases Dividend

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

Analyst Upgrades and Downgrades

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

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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