Robeco Institutional Asset Management B.V. Purchases 1,822,689 Shares of Gold Fields Limited $GFI

Key Points

• Robeco Institutional Asset Management B.V. increased its holdings in Gold Fields Limited by 122.6%, acquiring an additional 1,822,689 shares in the 2nd quarter, bringing its total ownership to approximately 0.37% of the company with a value of $78.3 million.
• Several analysts have raised their price targets for Gold Fields, with BMO Capital Markets and Capital One Financial setting targets of $32.00 and Canaccord Genuity Group initiating coverage with a buy rating and a $33.00 target.
• Gold Fields recently increased its semi-annual dividend to $0.3993, reflecting a yield of 130.0% and indicating a commitment to returns for shareholders.

Robeco Institutional Asset Management B.V. grew its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 122.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,308,969 shares of the company's stock after purchasing an additional 1,822,689 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.37% of Gold Fields worth $78,323,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Paradiem LLC bought a new position in shares of Gold Fields during the 2nd quarter valued at about $2,010,000. Janney Montgomery Scott LLC grew its position in Gold Fields by 4,428.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 415,505 shares of the company's stock worth $9,835,000 after acquiring an additional 406,330 shares during the last quarter. Signaturefd LLC grew its position in Gold Fields by 6.0% during the 2nd 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. Novem Group bought a new position in Gold Fields during the 2nd quarter worth approximately $935,000. Finally, GAMMA Investing LLC grew its position in Gold Fields by 23.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,629 shares of the company's stock worth $110,000 after acquiring an additional 887 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. BMO Capital Markets raised their price target on 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 assumed coverage on Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 price target on the stock. Capital One Financial set a $32.00 price target on Gold Fields in a research report on Friday, August 22nd. Finally, Wall Street Zen upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $26.63.

Gold Fields Stock Performance

NYSE GFI opened at $42.33 on Friday. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $43.13. The stock has a 50 day simple moving average of $33.80 and a two-hundred day simple moving average of $26.75. The stock has a market cap of $37.89 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 0.42 and a beta of 0.49.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 12th were issued a $0.3993 dividend. This is an increase from Gold Fields's previous semi-annual dividend of $0.38. The ex-dividend date was Friday, September 12th. This represents a yield of 130.0%. Gold Fields's dividend payout ratio (DPR) is 27.23%.

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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