Quantitative Investment Management LLC Raises Holdings in Gold Fields Limited $GFI

Quantitative Investment Management LLC raised its stake in Gold Fields Limited (NYSE:GFI) by 712.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,637 shares of the company’s stock after purchasing an additional 41,774 shares during the period. Quantitative Investment Management LLC’s holdings in Gold Fields were worth $1,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new stake in shares of Gold Fields during the first quarter worth approximately $25,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Gold Fields by 47.1% in 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 in the last quarter. Arax Advisory Partners grew its holdings in shares of Gold Fields by 352.6% during the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after purchasing an additional 885 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after purchasing an additional 2,152 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Gold Fields by 606.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,664 shares of the company’s stock valued at $61,000 after purchasing an additional 2,287 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Up 1.0%

NYSE GFI opened at $46.43 on Tuesday. Gold Fields Limited has a 52-week low of $31.11 and a 52-week high of $61.64. The business’s 50-day moving average price is $37.03 and its 200 day moving average price is $42.37. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.87 and a quick ratio of 1.33.

Gold Fields Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be paid a $1.0144 dividend. This represents a dividend yield of 421.0%. The ex-dividend date is Friday, September 11th.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada reduced their price objective on Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Scotiabank reduced their price target on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $54.05.

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.