Gold Fields Limited (GFI) Shares Bought by Van ECK Associates Corp

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Van ECK Associates Corp raised its stake in shares of Gold Fields Limited (NYSE:GFI) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,460,925 shares of the company’s stock after buying an additional 10,606,292 shares during the period. Gold Fields makes up 1.7% of Van ECK Associates Corp’s portfolio, making the stock its 13th biggest position. Van ECK Associates Corp owned about 12.24% of Gold Fields worth $358,646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Gold Fields by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 37,846,556 shares of the company’s stock valued at $135,100,000 after buying an additional 973,651 shares during the period. Donald Smith & CO. Inc. increased its stake in Gold Fields by 15.0% during the 2nd quarter. Donald Smith & CO. Inc. now owns 22,736,936 shares of the company’s stock valued at $81,171,000 after buying an additional 2,971,476 shares during the period. Renaissance Technologies LLC increased its stake in Gold Fields by 1.6% during the 2nd quarter. Renaissance Technologies LLC now owns 17,265,700 shares of the company’s stock valued at $61,639,000 after buying an additional 280,100 shares during the period. Ruffer LLP increased its stake in Gold Fields by 58.4% during the 2nd quarter. Ruffer LLP now owns 13,469,406 shares of the company’s stock valued at $48,018,000 after buying an additional 4,968,668 shares during the period. Finally, FMR LLC increased its stake in Gold Fields by 2.4% during the 2nd quarter. FMR LLC now owns 3,377,926 shares of the company’s stock valued at $12,059,000 after buying an additional 78,500 shares during the period. 34.74% of the stock is currently owned by hedge funds and other institutional investors.

GFI has been the topic of several research analyst reports. Zacks Investment Research cut shares of Gold Fields from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. ValuEngine cut shares of Gold Fields from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Scotiabank set a $4.00 price objective on shares of Gold Fields and gave the stock a “hold” rating in a research note on Tuesday, August 14th. Finally, HSBC raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.02.

Shares of GFI opened at $2.39 on Wednesday. The company has a market capitalization of $2.04 billion, a PE ratio of 9.96 and a beta of -1.31. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.09. Gold Fields Limited has a 12-month low of $2.32 and a 12-month high of $4.70.

The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, September 20th. Stockholders of record on Friday, September 7th will be paid a $0.0141 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a dividend yield of 1.11%. Gold Fields’s dividend payout ratio is currently 29.17%.

About Gold Fields

Gold Fields Limited produces gold and holds gold reserves and resources in South Africa, Ghana, Australia, and Peru. The company engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. It holds interests in seven operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.

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Institutional Ownership by Quarter for Gold Fields (NYSE:GFI)

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