Gold Fields Limited $GFI Shares Purchased by Profund Advisors LLC

Profund Advisors LLC raised its position in shares of Gold Fields Limited (NYSE:GFI) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,090 shares of the company’s stock after purchasing an additional 1,206 shares during the quarter. Profund Advisors LLC’s holdings in Gold Fields were worth $2,274,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Richardson Financial Services Inc. bought a new position in Gold Fields during the first quarter valued at about $26,000. Penserra Capital Management LLC bought a new stake in Gold Fields in the second quarter worth about $26,000. IFP Advisors Inc lifted its holdings in Gold Fields by 672.1% in the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after acquiring an additional 1,351 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Gold Fields during the 1st quarter valued at about $44,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Gold Fields in the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on GFI. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a report on Wednesday, October 8th. Citigroup started coverage on shares of Gold Fields in a research report on Tuesday, October 28th. They issued a “buy” rating and a $50.00 price target on the stock. Investec downgraded Gold Fields from a “buy” rating to a “hold” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. assumed coverage on Gold Fields in a research note on Thursday, October 23rd. They set an “overweight” rating and a $62.00 price objective for the company. Finally, Scotiabank lifted their target price on Gold Fields from $30.00 to $47.00 and gave the stock a “sector perform” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.43.

Gold Fields Stock Performance

GFI stock opened at $42.32 on Tuesday. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $47.18. The company’s 50 day simple moving average is $39.68 and its 200-day simple moving average is $30.35.

Gold Fields Increases Dividend

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

About Gold Fields

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.