Gold Fields Limited $GFI Shares Bought by Quantitative Investment Management LLC

Quantitative Investment Management LLC raised its stake in Gold Fields Limited (NYSE:GFI) by 712.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,637 shares of the company’s stock after buying an additional 41,774 shares during the quarter. Quantitative Investment Management LLC’s holdings in Gold Fields were worth $1,600,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GFI. V Square Quantitative Management LLC purchased a new stake in shares of Gold Fields in the 1st quarter valued at approximately $25,000. CIBC Private Wealth Group LLC raised its position in shares of Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after buying an additional 273 shares during the period. Arax Advisory Partners lifted its holdings in Gold Fields by 352.6% in the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock valued at $50,000 after acquiring an additional 885 shares during the last quarter. NewEdge Advisors LLC grew its position in Gold Fields by 2,152.0% in the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after acquiring an additional 2,152 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Gold Fields by 606.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,664 shares of the company’s stock worth $61,000 after acquiring an additional 2,287 shares during the period. Institutional investors and hedge funds own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on GFI. Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. decreased their target price on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada dropped their price target 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. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $54.05.

Gold Fields Stock Performance

GFI stock opened at $46.43 on Tuesday. The business’s fifty day moving average price is $37.03 and its 200 day moving average price is $42.37. Gold Fields Limited has a 12-month low of $31.11 and a 12-month high of $61.64. 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 Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be paid 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.

Gold Fields Company 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.