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

Other institutional investors have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new position in Gold Fields in the 1st quarter valued at about $26,000. Banque Cantonale Vaudoise acquired a new position in Gold Fields in the 1st quarter valued at about $44,000. SVB Wealth LLC acquired a new position in Gold Fields in the 1st quarter valued at about $48,000. GAMMA Investing LLC increased its position in Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after acquiring an additional 649 shares during the period. Finally, Blue Trust Inc. increased its position in Gold Fields by 67.1% in the 1st quarter. Blue Trust Inc. now owns 4,053 shares of the company's stock valued at $90,000 after acquiring an additional 1,627 shares during the period. Institutional investors and hedge funds own 24.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GFI. BMO Capital Markets boosted their price target on Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a research report on Monday, August 25th. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 1st. Capital One Financial set a $32.00 target price on Gold Fields in a research report on Friday, August 22nd. Finally, 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 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $25.11.

Gold Fields Price Performance

GFI stock traded up $0.98 on Friday, reaching $34.38. The company had a trading volume of 3,102,090 shares, compared to its average volume of 2,968,143. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $35.39. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.89. The company's fifty day moving average is $28.02 and its 200 day moving average is $24.16. The company has a market cap of $30.77 billion, a P/E ratio of 14.63, 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. Shareholders of record on Friday, September 12th will be paid a dividend of $0.3993 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a dividend yield of 130.0%. This is a boost from Gold Fields's previous semi-annual dividend of $0.38. Gold Fields's dividend payout ratio is currently 26.81%.

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.