Flow Traders U.S. LLC bought a new stake in Gold Fields Limited (NYSE:GFI – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,338 shares of the company’s stock, valued at approximately $132,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Captrust Financial Advisors lifted its stake in Gold Fields by 100.8% in the 2nd quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock valued at $25,000 after acquiring an additional 1,376 shares in the last quarter. Twin Lakes Capital Management LLC acquired a new position in Gold Fields in the 3rd quarter valued at $35,000. Penserra Capital Management LLC bought a new stake in shares of Gold Fields during the 3rd quarter valued at $39,000. Sargent Bickham Lagudis LLC bought a new stake in shares of Gold Fields during the 3rd quarter valued at $43,000. Finally, Chiron Investment Management LLC bought a new stake in shares of Gold Fields during the 1st quarter worth $68,000. 28.41% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on GFI. HSBC cut Gold Fields from a “buy” rating to a “hold” rating in a report on Monday, January 30th. BMO Capital Markets increased their price target on Gold Fields from $10.50 to $11.50 and gave the stock a “market perform” rating in a report on Wednesday, November 23rd. Finally, StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Wednesday, January 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $13.40.
Gold Fields Price Performance
Gold Fields Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Thursday, March 30th. Stockholders of record on Friday, March 17th will be paid a $0.2425 dividend. This represents a dividend yield of 3%. The ex-dividend date is Thursday, March 16th. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17.
About Gold Fields
Gold Fields Ltd. is a gold mining company, which engages in the production of gold and operation of mines. Its operating mines are located in Australia, Ghana, Peru, and South Africa. The company was founded on May 03, 1968 and is headquartered in Johannesburg, South Africa.
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