Blue Trust Inc. Sells 945 Shares of Gold Fields Limited $GFI

Blue Trust Inc. decreased its holdings in Gold Fields Limited (NYSE:GFI) by 23.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,108 shares of the company’s stock after selling 945 shares during the quarter. Blue Trust Inc.’s holdings in Gold Fields were worth $74,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Signaturefd LLC raised its stake in Gold Fields by 6.0% in the 2nd quarter. Signaturefd LLC now owns 9,714 shares of the company’s stock worth $230,000 after purchasing an additional 546 shares in the last quarter. GAMMA Investing LLC raised its stake in Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company’s stock worth $83,000 after purchasing an additional 649 shares in the last quarter. Range Financial Group LLC raised its stake in Gold Fields by 1.0% in the 2nd quarter. Range Financial Group LLC now owns 89,742 shares of the company’s stock worth $2,124,000 after purchasing an additional 929 shares in the last quarter. Bridgewater Advisors Inc. raised its stake in Gold Fields by 4.9% in the 1st quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company’s stock worth $441,000 after purchasing an additional 934 shares in the last quarter. Finally, Euro Pacific Asset Management LLC raised its stake in Gold Fields by 7.6% in the 2nd quarter. Euro Pacific Asset Management LLC now owns 14,651 shares of the company’s stock worth $353,000 after purchasing an additional 1,033 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Price Performance

GFI opened at $43.10 on Friday. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $47.18. The firm has a market capitalization of $38.58 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 0.36 and a beta of 0.49. The company’s 50 day moving average price is $37.19 and its two-hundred day moving average price is $28.37.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 12th were issued a dividend of $0.3993 per share. This represents a yield of 130.0%. The ex-dividend date of this dividend was Friday, September 12th. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.38. Gold Fields’s payout ratio is presently 27.23%.

Analysts Set New Price Targets

Several analysts have weighed in on GFI shares. Canaccord Genuity Group cut shares of Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a research note on Monday. HSBC restated a “hold” rating on shares of Gold Fields in a research report on Thursday, October 9th. Investec cut shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research report on Wednesday, October 8th. Finally, Zacks Research cut shares of Gold Fields from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.63.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.