Kestra Private Wealth Services LLC bought a new position in Gold Fields Limited (NYSE:GFI – Get Rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,533 shares of the company's stock, valued at approximately $287,000.
A number of other large investors have also recently bought and sold shares of GFI. Van ECK Associates Corp lifted its holdings in Gold Fields by 6.5% in the first quarter. Van ECK Associates Corp now owns 47,427,865 shares of the company's stock worth $733,235,000 after acquiring an additional 2,879,433 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Gold Fields by 118.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,107,356 shares of the company's stock valued at $78,960,000 after buying an additional 2,772,894 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Gold Fields by 10.2% during the first quarter. BlackRock Inc. now owns 25,589,382 shares of the company's stock valued at $395,611,000 after buying an additional 2,368,601 shares during the last quarter. USS Investment Management Ltd bought a new stake in shares of Gold Fields during the first quarter valued at approximately $32,677,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Gold Fields by 48.9% during the first quarter. JPMorgan Chase & Co. now owns 4,077,485 shares of the company's stock valued at $63,036,000 after buying an additional 1,339,254 shares during the last quarter. Institutional investors own 26.34% of the company's stock.
Get Gold Fields alerts:Analysts Set New Price Targets
Separately, Investec raised Gold Fields from a "hold" rating to a "buy" rating in a report on Thursday, July 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $13.77.
Gold Fields Trading Down 4.5 %
Shares of NYSE:GFI opened at $7.43 on Wednesday. Gold Fields Limited has a 12 month low of $7.24 and a 12 month high of $17.20. The stock's 50 day moving average price is $8.69 and its 200 day moving average price is $11.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.22 and a quick ratio of 0.96.Gold Fields Cuts Dividend
The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 29th. Investors of record on Friday, September 16th will be issued a dividend of $0.172 per share. The ex-dividend date is Thursday, September 15th. This represents a yield of 3.4%.
Gold Fields Profile
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Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces.
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