Park Avenue Securities LLC boosted its holdings in Gold Fields Limited (NYSE:GFI - Free Report) by 17.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 58,073 shares of the company's stock after buying an additional 8,455 shares during the period. Park Avenue Securities LLC's holdings in Gold Fields were worth $1,375,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of Gold Fields by 1,264.9% during the second quarter. Farther Finance Advisors LLC now owns 12,093 shares of the company's stock worth $286,000 after purchasing an additional 11,207 shares in the last quarter. Marshall Financial Group LLC purchased a new position in Gold Fields in the 2nd quarter worth approximately $1,042,000. Range Financial Group LLC grew its holdings in Gold Fields by 1.0% during the 2nd quarter. Range Financial Group LLC now owns 89,742 shares of the company's stock valued at $2,124,000 after buying an additional 929 shares in the last quarter. Strs Ohio purchased a new stake in Gold Fields during the 1st quarter valued at approximately $311,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Gold Fields during the first quarter valued at approximately $30,914,000. 24.81% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
GFI has been the subject of a number of research reports. BMO Capital Markets upped their target price on shares of Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a research report on Monday, August 25th. Canaccord Genuity Group initiated coverage on shares of Gold Fields in a research note on Monday, July 28th. They issued a "buy" rating and a $33.00 price target on the stock. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 1st. Finally, Capital One Financial set a $32.00 price objective on Gold Fields in a research report on Friday, August 22nd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $26.63.
Check Out Our Latest Report on GFI
Gold Fields Stock Performance
Shares of NYSE:GFI opened at $39.34 on Friday. The firm has a fifty day simple moving average of $32.14 and a two-hundred day simple moving average of $26.02. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $42.74. The company has a quick ratio of 0.73, a current ratio of 1.89 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $35.21 billion, a P/E ratio of 16.74, a PEG ratio of 0.40 and a beta of 0.47.
Gold Fields Increases Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 12th were paid a dividend of $0.3993 per share. The ex-dividend date of this dividend was Friday, September 12th. This is an increase from Gold Fields's previous semi-annual dividend of $0.38. This represents a yield of 130.0%. Gold Fields's payout ratio is presently 27.23%.
Gold Fields Company Profile
(
Free Report)
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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