Tocqueville Asset Management L.P. reduced its position in Gold Fields Ltd. (NYSE:GFI) by 82.9% during the second quarter, Holdings Channel reports. The firm owned 2,022,370 shares of the company’s stock after selling 9,814,750 shares during the period. Tocqueville Asset Management L.P.’s holdings in Gold Fields were worth $9,910,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in shares of Gold Fields during the second quarter worth $111,000. Franklin Resources Inc. raised 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 period. Geode Capital Management LLC acquired a new position in shares of Gold Fields during the first quarter worth $364,000. BNP Paribas Arbitrage SA raised 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 period. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Gold Fields during the second quarter worth $620,000. 36.51% of the stock is owned by institutional investors and hedge funds.
Shares of Gold Fields Ltd. (NYSE:GFI) traded up 4.49% on Monday, hitting $4.19. The company had a trading volume of 2,491,925 shares. Gold Fields Ltd. has a 52 week low of $2.04 and a 52 week high of $6.60. The stock’s 50-day moving average is $4.89 and its 200 day moving average is $4.85. The company’s market capitalization is $3.44 billion.
The business also recently disclosed a dividend, which was paid on Thursday, September 22nd. Investors of record on Friday, September 9th were given a dividend of $0.028 per share. The ex-dividend date was Wednesday, September 7th. This is an increase from Gold Fields’s previous dividend of $0.01. Gold Fields’s dividend payout ratio (DPR) is presently -12.90%.
A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Gold Fields from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Goldman Sachs Group Inc. upgraded Gold Fields from a “sell” rating to a “neutral” rating in a research note on Monday, June 27th. JPMorgan Chase & Co. upgraded Gold Fields from an “underweight” rating to a “neutral” rating in a research note on Tuesday, July 12th. Macquarie upgraded Gold Fields from a “neutral” rating to an “outperform” rating in a research note on Friday, September 2nd. Finally, Citigroup Inc. restated a “sell” rating on shares of Gold Fields in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price 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.
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