Vontobel Holding Ltd. Increases Position in Gold Fields Limited $GFI

Key Points

• Vontobel Holding Ltd. increased its stake in Gold Fields Limited by 26.5% in the second quarter, owning approximately 711,612 shares worth about $16.8 million.
• Gold Fields announced a semi-annual dividend of $0.3993, reflecting an increase from its previous dividend and a yield of 130.0%.
• Analysts have varied opinions on Gold Fields, with Zacks rating the stock as a "hold" and Canaccord Genuity setting a price target of $33.00.

Vontobel Holding Ltd. boosted its holdings in Gold Fields Limited (NYSE:GFI - Free Report) by 26.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 711,612 shares of the company's stock after purchasing an additional 148,917 shares during the quarter. Vontobel Holding Ltd. owned about 0.08% of Gold Fields worth $16,844,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GFI. GAMMA Investing LLC grew its holdings in Gold Fields by 2,572.5% in the first quarter. GAMMA Investing LLC now owns 82,661 shares of the company's stock worth $1,826,000 after purchasing an additional 79,568 shares during the period. Park Avenue Securities LLC purchased a new stake in Gold Fields in the first quarter worth about $1,096,000. SG Americas Securities LLC grew its holdings in Gold Fields by 105.7% in the first quarter. SG Americas Securities LLC now owns 180,956 shares of the company's stock worth $3,997,000 after purchasing an additional 92,966 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Gold Fields in the first quarter worth about $2,914,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Gold Fields in the first quarter worth about $203,000. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Trading Down 7.8%

Shares of GFI stock opened at $39.99 on Friday. Gold Fields Limited has a 12-month low of $12.98 and a 12-month high of $43.66. The firm's 50 day moving average is $35.53 and its 200 day moving average is $27.46. The stock has a market capitalization of $35.79 billion, a P/E ratio of 17.02, a P/E/G ratio of 0.44 and a beta of 0.49.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Investors 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. This represents a yield of 130.0%. The ex-dividend date was Friday, September 12th. Gold Fields's dividend payout ratio is 27.23%.

Analysts Set New Price Targets

GFI has been the topic of a number of recent analyst reports. Zacks Research cut shares of Gold Fields from a "strong-buy" rating to a "hold" rating in a report on Monday. Canaccord Genuity Group initiated coverage on shares of Gold Fields in a report on Monday, July 28th. They set a "buy" rating and a $33.00 price target on the stock. BMO Capital Markets increased their price target on shares of Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a report on Monday, August 25th. Wall Street Zen upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Friday, September 26th. Finally, Capital One Financial set a $32.00 price target on shares of Gold Fields in a report on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $26.63.

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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