Nykredit A S Takes Position in Gold Fields Limited $GFI

Key Points

• Nykredit A/S acquired 64,938 shares of Gold Fields in the second quarter, worth approximately $2.18 million. Other major institutional investors also increased their positions, with institutions and hedge funds collectively owning 24.81% of the company.
• Gold Fields shares opened at $42.94, compared with a 52-week range of $31.11 to $61.64. The company declared a $1.0144-per-share dividend payable September 24 to shareholders of record September 11.
• Analyst sentiment is mixed: five analysts rate the stock Buy, three Hold and two Sell, producing a consensus Hold rating and an average price target of $55.05.

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

Other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in Gold Fields by 3.4% during the fourth quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company's stock valued at $1,549,227,000 after purchasing an additional 1,180,634 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Gold Fields by 69.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company's stock valued at $191,407,000 after acquiring an additional 1,794,124 shares during the last quarter. Man Group plc raised its holdings in shares of Gold Fields by 63.7% during the fourth quarter. Man Group plc now owns 3,650,799 shares of the company's stock valued at $159,394,000 after acquiring an additional 1,421,121 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Gold Fields by 62.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company's stock valued at $114,147,000 after acquiring an additional 910,580 shares in the last quarter. Finally, USS Investment Management Ltd lifted its position in shares of Gold Fields by 8.3% in the fourth quarter. USS Investment Management Ltd now owns 1,800,813 shares of the company's stock valued at $78,596,000 after acquiring an additional 138,693 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Stock Performance

Shares of Gold Fields stock opened at $42.94 on Wednesday. The business's 50 day moving average price is $40.58 and its 200 day moving average price is $41.23. The company has a current ratio of 1.87, a quick ratio of 1.33 and a debt-to-equity ratio of 0.27. Gold Fields Limited has a one year low of $31.11 and a one year high of $61.64.

Gold Fields Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be issued a dividend of $1.0144 per share. This represents a dividend yield of 450.0%. The ex-dividend date is Friday, September 11th.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Gold Fields in a research report on Monday, August 31st. Scotiabank lowered their target price on shares of Gold Fields from $60.00 to $52.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 14th. Zacks Research lowered shares of Gold Fields from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. reduced their target price on shares of Gold Fields from $75.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. Finally, Wall Street Zen downgraded shares of Gold Fields from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $55.05.

Gold Fields Profile

Gold Fields Limited is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and other gold-bearing products for refining and sale. Its portfolio also includes limited by-product production, such as copper and silver, at certain operations.

Gold Fields operates mines and development projects across Africa, Australia and the Americas. Its assets include the South Deep mine in South Africa; Tarkwa and the Damang complex in Ghana; St Ives, Agnew and Granny Smith in Western Australia; Cerro Corona in Peru; and Salares Norte in Chile.

Want to see what other hedge funds are holding GFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gold Fields Limited (NYSE:GFI - Free Report).

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.