U S Global Investors Inc. Raises Holdings in Gold Fields Limited $GFI

Key Points

• U S Global Investors Inc. increased its stake in Gold Fields Limited by 53.8% during the 2nd quarter, owning a total of 100,000 shares valued at approximately $2.37 million.
• Gold Fields recently declared a semi-annual dividend of $0.3993, marking an increase from its previous dividend of $0.38, with a dividend yield of 130.0%.
• Several analysts have downgraded Gold Fields' stock, with a majority now holding a "Hold" rating and a consensus target price of $26.63.

U S Global Investors Inc. increased its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 53.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,000 shares of the company's stock after purchasing an additional 35,000 shares during the quarter. U S Global Investors Inc.'s holdings in Gold Fields were worth $2,367,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. purchased a new stake in shares of Gold Fields during the first quarter worth approximately $26,000. IFP Advisors Inc grew its holdings in Gold Fields by 672.1% in the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company's stock valued at $37,000 after buying an additional 1,351 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Gold Fields in the 1st quarter valued at $44,000. SVB Wealth LLC purchased a new stake in Gold Fields in the 1st quarter valued at $48,000. Finally, NewEdge Advisors LLC grew its holdings in Gold Fields by 2,152.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company's stock valued at $50,000 after buying an additional 2,152 shares in the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on GFI. Investec cut Gold Fields from a "buy" rating to a "hold" rating in a report on Friday. Zacks Research cut Gold Fields from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Capital One Financial set a $32.00 target price on Gold Fields in a report on Friday, August 22nd. Weiss Ratings restated a "buy (b)" rating on shares of Gold Fields in a report on Wednesday. Finally, HSBC restated a "hold" rating on shares of Gold Fields in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, Gold Fields has an average rating of "Hold" and a consensus target price of $26.63.

Gold Fields Stock Up 2.6%

Shares of Gold Fields stock opened at $41.03 on Friday. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $43.66. The business's fifty day simple moving average is $35.84 and its 200-day simple moving average is $27.60. The firm has a market cap of $36.72 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 0.40 and a beta of 0.49.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were paid a $0.3993 dividend. This is a boost from Gold Fields's previous semi-annual dividend of $0.38. The ex-dividend date of this dividend was Friday, September 12th. This represents a dividend yield of 130.0%. Gold Fields's dividend payout ratio is currently 27.23%.

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.

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