Nykredit A S Buys New Stake in Gold Fields Limited $GFI

Key Points

• Nykredit A/S acquired 64,938 shares of Gold Fields during the second quarter, valued at approximately $2.18 million. Institutional investors and hedge funds collectively own 24.81% of the company.
• Analyst sentiment remains mixed: Gold Fields has an average “Hold” rating and a consensus price target of $54.05, while several firms recently lowered their targets despite maintaining Buy, Overweight, or Outperform ratings.
• Gold Fields shares opened at $47.41, with a 12-month trading range of $31.11 to $61.64. The company also announced a dividend of $1.0144 per share, payable September 24 to shareholders of record on September 11.

Nykredit A S purchased a new stake in Gold Fields Limited (NYSE:GFI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,938 shares of the company's stock, valued at approximately $2,181,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Gold Fields by 12.9% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 103,360 shares of the company's stock valued at $3,472,000 after buying an additional 11,818 shares during the period. Quantitative Investment Management LLC grew its holdings in Gold Fields by 712.5% during the second quarter. Quantitative Investment Management LLC now owns 47,637 shares of the company's stock worth $1,600,000 after acquiring an additional 41,774 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Gold Fields during the second quarter worth about $2,955,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its position in Gold Fields by 10.9% during the second quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 74,300 shares of the company's stock valued at $2,496,000 after acquiring an additional 7,300 shares in the last quarter. Finally, Carolina Wealth Advisors LLC raised its position in Gold Fields by 9.5% during the second quarter. Carolina Wealth Advisors LLC now owns 58,989 shares of the company's stock valued at $1,981,000 after acquiring an additional 5,128 shares in the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on GFI. Scotiabank lowered their price objective on Gold Fields from $60.00 to $52.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 14th. JPMorgan Chase & Co. cut their target price on shares of Gold Fields from $75.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, July 16th. Wall Street Zen cut shares of Gold Fields from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. Royal Bank Of Canada lowered their price target on shares of Gold Fields from $50.00 to $49.00 and set an "outperform" rating on the stock in a report on Thursday, July 9th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Gold Fields in a research report on Monday, August 31st. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Gold Fields has an average rating of "Hold" and an average price target of $54.05.

Gold Fields Stock Performance

NYSE GFI opened at $47.41 on Tuesday. The stock has a 50-day moving average of $38.38 and a 200 day moving average of $42.11. The company has a quick ratio of 1.33, a current ratio of 1.87 and a debt-to-equity ratio of 0.27. Gold Fields Limited has a twelve month low of $31.11 and a twelve month high of $61.64.

Gold Fields Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be given a dividend of $1.0144 per share. The ex-dividend date is Friday, September 11th. This represents a dividend yield of 421.0%.

Gold Fields Profile

Gold Fields NYSE: GFI is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company's core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.