Ramirez Asset Management Inc. Purchases Shares of 57,012 Gold Fields Limited $GFI

Key Points

• Ramirez Asset Management Inc. purchased 57,012 shares of Gold Fields Limited valued at approximately $1,349,000 during the 2nd quarter, indicating a strong interest from institutional investors in the gold sector.
• Gold Fields declared a semi-annual dividend of $0.3993 per share, reflecting a yield of 130.0% and showing an increase from the previous dividend of $0.38.
• The stock has a market cap of $35.79 billion and is currently trading at around $39.99, having experienced volatility with highs of $43.66 and lows of $12.98 over the past year.

Ramirez Asset Management Inc. purchased a new stake in Gold Fields Limited (NYSE:GFI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 57,012 shares of the company's stock, valued at approximately $1,349,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Signaturefd LLC increased its stake in Gold Fields by 6.0% during the second quarter. Signaturefd LLC now owns 9,714 shares of the company's stock worth $230,000 after acquiring an additional 546 shares during the last quarter. GAMMA Investing LLC increased its stake in Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after acquiring an additional 649 shares during the last quarter. Range Financial Group LLC increased its stake in Gold Fields by 1.0% during the second quarter. Range Financial Group LLC now owns 89,742 shares of the company's stock worth $2,124,000 after acquiring an additional 929 shares during the last quarter. Bridgewater Advisors Inc. increased its stake in Gold Fields by 4.9% during the first quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company's stock worth $441,000 after acquiring an additional 934 shares during the last quarter. Finally, Euro Pacific Asset Management LLC increased its stake in Gold Fields by 7.6% during the second quarter. Euro Pacific Asset Management LLC now owns 14,651 shares of the company's stock worth $353,000 after acquiring an additional 1,033 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Trading Down 7.8%

GFI opened at $39.99 on Friday. The company has a fifty day simple moving average of $35.53 and a 200 day simple moving average of $27.46. The firm has a market cap of $35.79 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 0.44 and a beta of 0.49. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $43.66.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 12th were issued a dividend of $0.3993 per share. This represents a yield of 130.0%. The ex-dividend date of this dividend was Friday, September 12th. This is a positive change from Gold Fields's previous semi-annual dividend of $0.38. Gold Fields's dividend payout ratio (DPR) is 27.23%.

Analyst Ratings Changes

Several brokerages have commented on GFI. Capital One Financial set a $32.00 price target on Gold Fields in a research note on Friday, August 22nd. HSBC reissued a "hold" rating on shares of Gold Fields in a research report on Thursday. BMO Capital Markets increased their price objective 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. Weiss Ratings reissued a "buy (b)" rating on shares of Gold Fields in a research report on Wednesday. Finally, Canaccord Genuity Group initiated coverage on shares of Gold Fields in a research report on Monday, July 28th. They issued a "buy" rating and a $33.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $26.63.

About Gold Fields

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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