Vident Advisory LLC Has $1.65 Million Position in Gold Fields Limited $GFI

Key Points

• Vident Advisory LLC has reduced its holdings in Gold Fields Limited by 9.9%, now owning 74,865 shares, valued at approximately $1.65 million.
• Gold Fields plans to pay a semi-annual dividend of $0.3993 per share, reflecting an increase from its previous dividend of $0.38.
• Wall Street analysts have set an average price target of $25.11 for Gold Fields, with ratings split between Buy and Hold from various brokerages.

Vident Advisory LLC cut its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,865 shares of the company's stock after selling 8,226 shares during the quarter. Vident Advisory LLC's holdings in Gold Fields were worth $1,654,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. OMERS ADMINISTRATION Corp bought a new stake in shares of Gold Fields during the 1st quarter worth $2,381,000. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Gold Fields by 76.0% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 34,315 shares of the company's stock worth $758,000 after acquiring an additional 14,818 shares in the last quarter. Transamerica Financial Advisors LLC bought a new stake in shares of Gold Fields during the 1st quarter worth $117,000. FORA Capital LLC acquired a new stake in Gold Fields during the 1st quarter valued at $1,017,000. Finally, Jump Financial LLC purchased a new stake in shares of Gold Fields in the first quarter valued at $352,000. 24.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GFI. Capital One Financial set a $32.00 target price on Gold Fields in a report on Friday, August 22nd. BMO Capital Markets raised their price objective 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 started coverage on Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 price objective for the company. Finally, Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 1st. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Gold Fields has a consensus rating of "Hold" and a consensus price target of $25.11.

Gold Fields Stock Up 2.4%

GFI stock traded up $0.82 during mid-day trading on Monday, hitting $35.18. The stock had a trading volume of 1,232,320 shares, compared to its average volume of 3,397,183. The company has a current ratio of 1.89, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $35.65. The company has a fifty day moving average of $28.02 and a 200 day moving average of $24.19. The stock has a market capitalization of $31.49 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 0.37 and a beta of 0.47.

Gold Fields Increases Dividend

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