UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Invests $30.91 Million in Gold Fields Limited $GFI

Key Points

• UBS Asset Management has made a significant investment of $30.91 million in Gold Fields Limited, acquiring approximately 1,399,464 shares, which represents about 0.16% of the company's total shares.
• Gold Fields announced an increase in its semi-annual dividend to $0.3993 per share, up from the previous $0.38, reflecting a yield of 130.0%.
• Analysts have mixed views on Gold Fields, with two giving it a "buy" rating and others leaning towards a "hold" stance, setting a consensus target price of $26.63.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought 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 filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,399,464 shares of the company's stock, valued at approximately $30,914,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.16% of Gold Fields as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC lifted its position in Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after buying an additional 649 shares in the last quarter. Bridgewater Advisors Inc. increased its holdings in Gold Fields by 4.9% in the first quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company's stock valued at $441,000 after buying an additional 934 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in shares of Gold Fields in the 1st quarter worth approximately $26,000. Parallel Advisors LLC increased its position in Gold Fields by 24.1% in the 1st quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock valued at $148,000 after acquiring an additional 1,298 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in Gold Fields by 3.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 37,971 shares of the company's stock valued at $839,000 after purchasing an additional 1,357 shares in the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Stock Up 9.4%

GFI traded up $3.55 during trading on Friday, reaching $41.42. 6,082,306 shares of the stock were exchanged, compared to its average volume of 3,450,508. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $41.46. The stock has a market cap of $37.07 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 0.38 and a beta of 0.47. The stock's 50 day moving average price is $30.79 and its two-hundred day moving average price is $25.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.89.

Gold Fields Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Canaccord Genuity Group began coverage on Gold Fields in a research report on Monday, July 28th. They issued a "buy" rating and a $33.00 price target for the company. Capital One Financial set a $32.00 price objective on shares of Gold Fields in a report on Friday, August 22nd. Wall Street Zen cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 1st. Finally, BMO Capital Markets raised their target price on shares of Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, August 25th. 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, Gold Fields presently 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.