8,991 Shares in Gold Fields Limited $GFI Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired 8,991 shares of Gold Fields Limited, valued at approximately $199,000, during the first quarter.
• Gold Fields has announced a semi-annual dividend of $0.3993 per share, an increase from the previous dividend, representing a yield of 130.0%.
• Analysts have raised price targets for Gold Fields, with BMO Capital Markets and Capital One both setting targets of $32.00, indicating strong interest from brokerages.

Quantbot Technologies LP acquired 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 disclosure with the Securities and Exchange Commission. The firm acquired 8,991 shares of the company's stock, valued at approximately $199,000.

Several other large investors also recently modified their holdings of GFI. Robeco Institutional Asset Management B.V. grew its position in shares of Gold Fields by 153.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock worth $32,832,000 after buying an additional 900,317 shares during the period. Man Group plc grew its position in shares of Gold Fields by 119.9% during the 4th quarter. Man Group plc now owns 1,417,329 shares of the company's stock worth $18,709,000 after buying an additional 772,928 shares during the period. Silvercrest Asset Management Group LLC bought a new position in shares of Gold Fields in the 4th quarter worth $9,033,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Gold Fields by 169.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 931,777 shares of the company's stock worth $20,583,000 after purchasing an additional 585,950 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Gold Fields by 21.5% in the 1st quarter. Deutsche Bank AG now owns 2,642,663 shares of the company's stock worth $58,376,000 after purchasing an additional 467,579 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GFI. BMO Capital Markets increased their target price on Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a report on Monday, August 25th. Capital One Financial set a $32.00 target price on Gold Fields in a report on Friday, August 22nd. Canaccord Genuity Group began coverage on Gold Fields in a report on Monday, July 28th. They issued a "buy" rating and a $33.00 target price on the stock. Finally, Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Monday. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Gold Fields currently has an average rating of "Hold" and a consensus target price of $25.11.

Gold Fields Stock Performance

Shares of Gold Fields stock traded up $0.89 during trading hours on Tuesday, hitting $34.37. 3,255,694 shares of the company's stock traded hands, compared to its average volume of 3,398,139. Gold Fields Limited has a 12-month low of $12.98 and a 12-month high of $34.68. The stock has a market capitalization of $30.76 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 0.36 and a beta of 0.47. The company has a fifty day simple moving average of $27.17 and a 200-day simple moving average of $23.76. 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 firm also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be given a dividend of $0.3993 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a dividend yield of 130.0%. This is a boost from Gold Fields's previous semi-annual dividend of $0.38. Gold Fields's payout ratio is 26.38%.

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.