107,800 Shares in Gold Fields Limited $GFI Bought by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp has acquired a new stake by purchasing 107,800 shares of Gold Fields Limited, valued at approximately $2.38 million.
• Gold Fields announced a semi-annual dividend increase to $0.3993 per share, up from $0.38, with a yield of 130.0% compared to a payout ratio of 26.38%.
• Wall Street analysts have recently updated their ratings on Gold Fields, with several upgrades and a consensus rating of "Hold" and a target price of $25.11.

OMERS ADMINISTRATION Corp purchased a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 107,800 shares of the company's stock, valued at approximately $2,381,000.

Several other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC lifted its position 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 valued at $83,000 after buying an additional 649 shares during the last quarter. Bridgewater Advisors Inc. lifted its holdings in Gold Fields by 4.9% during the 1st quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company's stock worth $441,000 after purchasing an additional 934 shares in the last quarter. Richardson Financial Services Inc. purchased a new stake in Gold Fields during the 1st quarter worth about $26,000. Parallel Advisors LLC lifted its holdings in Gold Fields by 24.1% during the 1st quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock worth $148,000 after purchasing an additional 1,298 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Gold Fields by 3.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 37,971 shares of the company's stock worth $839,000 after purchasing an additional 1,357 shares in the last quarter. Institutional investors own 24.81% of the company's stock.

Gold Fields Trading Down 4.6%

Shares of NYSE GFI traded down $1.60 during midday trading on Thursday, hitting $33.40. The company's stock had a trading volume of 3,517,606 shares, compared to its average volume of 2,978,421. Gold Fields Limited has a 12-month low of $12.98 and a 12-month high of $35.39. The firm has a market cap of $29.89 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 0.38 and a beta of 0.47. The business's 50 day moving average is $27.79 and its two-hundred day moving average is $24.01. The company has a current ratio of 1.89, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40.

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 a boost from Gold Fields's previous semi-annual dividend of $0.38. The ex-dividend date of this dividend is Friday, September 12th. This represents a yield of 130.0%. Gold Fields's payout ratio is 26.38%.

Wall Street Analysts Forecast Growth

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