Groupe la Francaise Grows Stake in Gold Fields Limited $GFI

Groupe la Francaise grew its stake in shares of Gold Fields Limited (NYSE:GFI) by 2.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 585,000 shares of the company’s stock after acquiring an additional 13,000 shares during the period. Groupe la Francaise’s holdings in Gold Fields were worth $19,667,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Oakmont Investment Advisors Inc. purchased a new position in Gold Fields in the second quarter valued at approximately $912,000. Nykredit A S bought a new stake in shares of Gold Fields in the second quarter valued at $2,181,000. B. Metzler seel. Sohn & Co. AG lifted its position in shares of Gold Fields by 12.9% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 103,360 shares of the company’s stock valued at $3,472,000 after buying an additional 11,818 shares during the last quarter. Quantitative Investment Management LLC lifted its position in shares of Gold Fields by 712.5% during the 2nd quarter. Quantitative Investment Management LLC now owns 47,637 shares of the company’s stock valued at $1,600,000 after buying an additional 41,774 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Gold Fields during the 2nd quarter worth $2,955,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of NYSE GFI opened at $47.41 on Monday. The company has a current ratio of 1.87, a quick ratio of 1.33 and a debt-to-equity ratio of 0.27. Gold Fields Limited has a fifty-two week low of $31.11 and a fifty-two week high of $61.64. The stock has a fifty day moving average of $38.10 and a 200-day moving average of $42.13.

Gold Fields Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be issued a dividend of $1.0144 per share. This represents a yield of 421.0%. The ex-dividend date of this dividend is Friday, September 11th.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GFI shares. Wall Street Zen lowered Gold Fields from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gold Fields in a report on Monday, August 31st. Royal Bank Of Canada cut their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. JPMorgan Chase & Co. reduced their target price on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Finally, Zacks Research lowered shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $54.05.

Gold Fields Profile

Gold Fields (NYSE: GFI) is a Johannesburg?based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open?pit mining, ore treatment and refining, and ongoing exploration to replace reserves.