Quantitative Systematic Strategies LLC acquired a new position in shares of Gold Fields Ltd. (NYSE:GFI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 126,216 shares of the company’s stock, valued at approximately $620,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GFI. Franklin Resources Inc. boosted its position in shares of Gold Fields by 27.5% in the first quarter. Franklin Resources Inc. now owns 65,000 shares of the company’s stock worth $256,000 after buying an additional 14,000 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Gold Fields during the first quarter worth about $364,000. Pacad Investment Ltd. boosted its position in shares of Gold Fields by 660.3% in the first quarter. Pacad Investment Ltd. now owns 95,800 shares of the company’s stock worth $377,000 after buying an additional 83,200 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Gold Fields by 4.4% in the second quarter. BNP Paribas Arbitrage SA now owns 80,298 shares of the company’s stock worth $393,000 after buying an additional 3,352 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Gold Fields by 941.6% in the first quarter. Royal Bank of Canada now owns 156,241 shares of the company’s stock worth $615,000 after buying an additional 141,241 shares during the last quarter. Institutional investors and hedge funds own 36.51% of the company’s stock.
Shares of Gold Fields Ltd. (NYSE:GFI) traded up 5.67% during mid-day trading on Thursday, hitting $4.29. The company had a trading volume of 3,224,350 shares. Gold Fields Ltd. has a 1-year low of $2.04 and a 1-year high of $6.60. The company’s market capitalization is $3.52 billion. The company has a 50-day moving average price of $4.98 and a 200-day moving average price of $4.85.
The business also recently announced a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th were issued a dividend of $0.028 per share. The ex-dividend date was Wednesday, September 7th. This is a positive change from Gold Fields’s previous dividend of $0.01. Gold Fields’s dividend payout ratio is currently -12.90%.
A number of research analysts have issued reports on GFI shares. Goldman Sachs Group Inc. upgraded Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 price objective for the company in a research note on Friday, July 8th. Zacks Investment Research raised Gold Fields from a “sell” rating to a “buy” rating and set a $6.25 target price for the company in a report on Tuesday, July 12th. JPMorgan Chase & Co. raised Gold Fields from an “underweight” rating to a “neutral” rating in a report on Tuesday, July 12th. Royal Bank Of Canada raised Gold Fields from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $4.08 to $4.39 in a report on Wednesday, June 22nd. They noted that the move was a valuation call. Finally, Macquarie raised Gold Fields from a “neutral” rating to an “outperform” rating in a report on Friday, September 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Gold Fields currently has a consensus rating of “Buy” and an average price target of C$5.08.
About Gold Fields
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
Want to see what other hedge funds are holding GFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gold Fields Ltd. (NYSE:GFI).
Receive News & Ratings for Gold Fields Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.